Description
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.
Details
| MLS # | 34047683 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 192 |
| Listing Provided By | Top Guns Realty on Lake Conroe | Evan Ballew |
Features
| Story(s) | 1 |
|---|---|
| Units | 10 |
| Acreage | 27000.00 |
Exterior
| Lot Features | Cleared, Corner Lot |
|---|
Taxes
| Tax Annual Amount | 7921 |
|---|
Area Information
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77020 |
| Area | 2 |
| Subarea | Denver Harbor |
| Listing VS Median (in 77020) | |
Price: $750,000 low | high Med: $192,000 On site: 192 low | high Med: 77.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77020 |
| Area | 2 |
| Subarea | Denver Harbor |
| Listing VS Median (in 77020) | |
Price: $750,000 low | high Med: $192,000 On site: 192 low | high Med: 77.5 | |
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Land & Ranch 210.483.7500 | Bandera 830.850.6700 | Global Luxury 210.483.5700 | Coldwell Banker Commercial Alamo City 210.483.6250
North Central San Antonio / Stone Oak 210.483.7070 | Harper Property Management 210.483.7040 | Relocation Services 210.483.7121
North West San Antonio 210.483.0000 | Laredo 956.722.4822 | Coldwell Banker Commercial International Gateway 956.937.2867
