2,380 Built Sqft / Appraisal District
6,250 Lot Sqft / Appraisal District
Updated fourplex in the East End! The possibilities are endless; you can live in one or two of the units and rent the remaining units or rent all the units! This property will pay for itself!
Don t pass this opportunity to own a solid multi family property inside the loop poised in the EAST END! In other inner loop areas this 4plex will easily cost $400K to $500K and the difference in rents would be minimal!
Updated flooring, fixtures, ceiling fans, original arch ways still intact. Units have a good lay out!
Two units upstairs and two units are downstairs, each unit features it s own central a/c. All water heaters and the stoves are electric, everything was converted to electric. There are separate electric meters!
Good size bed rooms. Previous tenant had multiple phone lines set up throughout the fourplex for their home office. Notice the phone/internet line drops.
All kitchens were updated with cabinets, counter tops, sinks., disposals, fixtures... Notice the central air vent to the kitchen. Central a/c will be a plus to potential tenants, the $700/month figure is conservative**
All bathrooms have been updated with tile, tubs, toilets, pedestal sinks, and fixtures.
Notice the updated windows. All wet areas feature ceramic tile.
Wood laminate fllooring throughout all living areas and the bedrooms. Great durable flooring- perfect for years of renting!
Each units has its own thermostat for climate control.
Each unit has its own central a/c. Very rare for a multi family property particularly in the EAST END.
Updated tile in all bathrooms, spacious bathrooms features cabinet space and tubs not just stand up showers!
View of the back bedroom on the down stair unit, each unit features updated ceiling fans and light fixtures! Notice the wooden stairwell out back that leads to the upstairs units. There are 2 access points for the upstairs units, front or the back!
All units come with an electric stove and refrigerator!
All 4 refrigerators will convey with the sale!
Each unit has it s own 40 gallon electric water heater! Each tenant will have plenty of hot water so not fussing over cold water!
Each water heater is properly draining to the exterior and no gas units so there are no venting issues commonly associated with gas water heaters.
Each unit is individually metered with it s own electric meter so each tenant can set up their own electricity with ease. Notice the one common meter to the left, this is a common meter for the exterior flood lights on the building!
View of unit C which is the downstairs unit on the right if you are staring at the property from Latham St. All interior and exterior doors have been updated. This is the living area view, the door opens to the main entry way.
Original wooden staircase! Check out the hardwood steps!
Check out the upstairs landing area! Easy access for tenants to the front door of their apartment!
View of the central a/c unit in unit C. Notice the tub in this unit as well!
These units are ready for move-in!
Based on $700/month, pro forma figures support 8.65% CAP RATE. At $800/month; 9.9% CAP RATE! Great return for an inner loop multi family! Plus you have an upside for appreciation! And of course you have write off s as well! Time to buy is now!
Each bathroom has been updated with pedestal sink, toilet and fixtures.
The bathrooms are positioned between the main living area and bedroom. Makes for easy access to the bathroom for guest!
Lot size; 6,250 sq.ft per HCAD, there may be enough room to build more units in the back. Buyer should do their own due diligence and independently verify lot size and dimensions with a new survey. Seller doesn t have an existing survey**
The fourplex is next to this small established church along Canal St so you wont have to worry about noisy neighbors!
There is a Metro bus stop across the street so there would be an easy commute to and from downtown which would be perfect for tenants or an owner occupant that works near Downtown!
Your are literally just a few minutes away from downtown, the TOYOTA center and Minute Maid Park!
Check out the gorgeous Oak trees that line this section of Canal street in front of Burnett Elementary! Burnett elementary is located just across Canal St!
Call today to schedule a walk thru before it s gone!
Multiple offers received** Updates include: flooring, windows, siding, breaker boxes, water heaters.. Kitchen & baths in all units have been updated! Converted to all electric, no gas, central air & heat in each unit which is very rare for a multi family property especially in the EAST END, these are spacious 1 bedroom units with a good layout. Will rent out between $700-$800/Month! Being sold AS IS. Great investment opportunity in the EAST END!
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
Facts (Based on Active listings)
Market Area Name
East End Revitalized
Home For Sales
Average List Price
Average Square Ft.
Average Price/Square Ft.
Home For Lease
Average Lease/Square Ft.
Assigned Schools for this property
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment.
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