Massive investment opportunity inside the 610 Loop! This high-yielding multi-family portfolio features a total of 5 income-producing units spread across three distinct structures, generating a strong $5,650 in monthly rental income. Property Breakdown: Rear Single-Family Home: Spacious 2-bedroom, 2-bathroom house currently leased for $1,250/month. Two Detached Duplexes: A total of 4 independent apartment units (2 bedrooms, 1 bathroom each), fully leased at $1,100/month per unit. Unbeatable Location: Perfectly situated just 10 minutes from Downtown Houston and inside the highly desirable 610 Loop. This property offers incredible long-term appreciation potential and low vacancy rates due to its close proximity to the brand-new hospital development and local employment hubs. All units are fully occupied and generating cash flow from day one. Perfect for a seasoned investor looking for immediate, stable yields or a 1031 exchange. Selling strictly as-is. Fully renovated in 2023.
| MLS # | 59541080 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1960 |
| Days On Site | 10 |
| Listing Provided By | 5th Stream Realty | Helen Nguyen |
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,669 |
| Story(s) | 1 |
| Units | 2 |
| Acreage | 0.34 |
| Property | 12024 |
|---|
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77026 |
| Area | 2 |
| Subarea | Northside |
| Community Name | Kashmere Gardens Park |
| School District | 27 - Houston |
| Elementary School | Kashmere Gardens Elementary Scho |
| High School | 27 - Houston |
| Listing VS Median (in Kashmere Gardens Park) | |
Price: $550,000 low | high Med: $204,900 sqft: 3,669 low | high Med: 988 $ / sqft: $150 low | high Med: $207 On site: 10 low | high Med: 10 | |
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77026 |
| Area | 2 |
| Subarea | Northside |
| Community Name | Kashmere Gardens Park |
| School District | 27 - Houston |
| Elementary School | Kashmere Gardens Elementary Scho |
| High School | 27 - Houston |
| Listing VS Median (in Kashmere Gardens Park) | |
Price: $550,000 low | high Med: $204,900 sqft: 3,669 low | high Med: 988 $ / sqft: $150 low | high Med: $207 On site: 10 low | high Med: 10 | |