Prime investment opportunity in Houston’s 5th Ward. This income-producing property, with a CAP RATE EXCEEDING 10%, spans 11 total lots and features 5 duplexes (10 total units), individually metered and all currently leased, delivering IMMEDIATE CASH FLOW from day one. Corner at the end of a dead-end street, the site offers limited through traffic while still providing ACCESS FROM TWO SEPARATE STREETS, an ideal setup for tenants and future development. Property backs to industrial and rail, supporting steady rental demand in a strong working corridor. Located within an OPPORTUNITY ZONE, this asset presents potential tax advantages and long-term upside.
In addition to the existing duplexes, there are two tear-down structures and room to build up to 4 additional duplexes (8 more units). At the current pricing, the property is operating at an 8%+ cap rate with all units leased—offering strong in-place returns with clear expansion potential in one of Houston’s rapidly growing submarkets.
0.6198 Acres privados Tamanho do lote
investimento
US$ 660 Imposto mensal
Construído em 1940
MLS/ID do anúncio 34047683
1 Histórias
Composição
Construction - Wood Siding
Cooling - Window Units
Heating - Other
Lote - Limpo
Lot - Corner Lot
CUSTO MENSAL TOTAL
US$ 0
US$ 0
US$ 0
Copyright {{YEAR}}, Houston REALTORS® Information Service, Inc.
The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.