$720,000

Multi Family In Houston

  • 14 Beds
  • 7 Baths
  • 5,550 Sqft
  • 25,200 Sqft lot
  • Updated: Today
  • Source:
    Houston Association of REALTORS  MLS#59254079

About the 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 re
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.
…
  • Property type

    Other

  • Floors

    1

  • Year built

    1965

  • Price/sqft

    $129

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5017 Mallow Street, Houston, Texas, United States View on Google Maps
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Walzel Properties - Katy - Katy

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Walzel Properties - Katy - Katy
Texas, United States
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Walzel Properties - Katy - Katy
Katy, Texas, United States
View agency profile
Last updated
Today
First listed
October 21
Listing reference
59254079
Listing status
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