About This Property

Great investment opportunity! This fully renovated multifamily property features 7 units across two duplexes and one triplex, with each unit offering a spacious 2-bedroom, 1-bathroom layout and modern updates throughout. Recent exterior improvements include a new roof, new gutters, and more. A survey is available for review. Currently, 6 of the 7 units are occupied, providing immediate rental income with additional upside potential. At full occupancy, the property has the potential to meet the 1% rule based on current rental rates, with significant room for rental growth, as current rents are below comparable properties in the area. Located in a rapidly developing neighborhood with ongoing new construction, this property offers excellent long-term investment potential. The adjacent lot is also available for purchase, creating additional opportunities for future development or expansion.

Key Features

• 0.579 Acres Lot
• Built in 1965

Property Details

• Type: Single Family Home
• Year Built: 1965
• Lot Size: 0.579 sq ft
• Sq Ft: 5,550
• Price / Sq Ft: $130
• HOA: Contact Agent
• Bedrooms: 14
• Bathrooms: 7
• Feature: 0.579 Acres Lot
• Feature: Built in 1965
• Status: Active
• MLS Number: 237a87fc2e440021f822b887f02dce0e
• Days on Market: 1
• Listed By: Walzel Properties - Katy · Gustavo Alvarado
• Zip Code: 77033