Kevin Riles Commercial is pleased to offer this exceptional investment opportunity in Houston’s Park Place neighborhood! This 12-unit apartment complex offers a unique mix of long-term and short-term rental income, making it ideal for a first-time multifamily investor or a seasoned buyer looking to expand their portfolio.
Property Highlights:
-12 one-bedroom units
- Six units currently operating as Airbnb rentals – fully furnished and recently updated - Six traditional rental units – offering an opportunity to renovate and increase value
- Upgraded parking lot and recent capital improvements completed by the current
owner
- Potential for higher revenue by converting additional units to short-term rentals
Prime Location:
- Near 610 South & I-45 South for easy accessibility - Just north of Houston Botanic Garden
- 13 minutes to Hobby Airport
- 20 minutes to Downtown Houston
3,053 Sq Ft
0.2755 Private Acres Exterior Space
Investment
$14,558 Annual Tax
Built in 1940
MLS/Listing ID 7252518
2 Stories
Heating - Window Unit
Cooling - Window Units
Composition
Listing Courtesy of KEVIN RILES COMMERCIAL, KEVIN RILES - 128-145-18437
Source of Data: HOUSTON ASSOCIATION OF REALTORS