Description
Well-maintained 4-plex in the Stafford submarket offering stable in-place income with strong upside potential. Currently generating $45,600/year with value-add opportunity as rents trend toward market rates. This asset features four spacious ~1,000 SF 2-bedroom units with desirable layouts, private outdoor spaces, fireplaces, and in-unit laundrydriving consistent tenant demand. Recent capital improvements, including 2024 foundation repair with transferable warranty, multiple HVAC updates, and a maintained roof, help reduce near-term expenses. Two long-term tenants provide stability, while below-market rents allow for future growth. Property also qualifies for Section 8 housing, expanding tenant pool and income reliability. HOA covers key expenses for simplified ownership. Contact for financials and additional details.
Details
| MLS # | 7130463 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $600 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 144 |
| Listing Provided By | CENTURY 21 Western Realty, Inc | Erica Post |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 3,968 |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 8810.00 |
Taxes
| Tax Annual Amount | 10870 |
|---|
Area Information
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77477 |
| Area | 28 |
| Subarea | Stafford Area |
| Community Name | Meadow Village |
| Listing VS Median (in Meadow Village) | |
Price: $450,000 low | high Med: $450,000 sqft: 3,968 low | high Med: 3,968 $ / sqft: $113 low | high Med: $113 On site: 144 low | high Med: 144 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77477 |
| Area | 28 |
| Subarea | Stafford Area |
| Community Name | Meadow Village |
| Listing VS Median (in Meadow Village) | |
Price: $450,000 low | high Med: $450,000 sqft: 3,968 low | high Med: 3,968 $ / sqft: $113 low | high Med: $113 On site: 144 low | high Med: 144 | |
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