6,800 SqFt
6,800 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,800 sqft
Price per Sqft $128
Subdivision Reservoir Acres
MLS Listing ID 63243731
HOA Y/N No
Year Built 1957
Annual Tax Amount $9,397
Tax Year 2025
Property Sub-Type Multi Family
Property Description
Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors.
Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered.
Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions.
Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details.
Lowball offers, creative deal or creative offer, and “Subject To” offers will not receive a response. Serious buyers only.
Location
State TX
County Harris
Area North Channel
Interior
Interior Features Ceiling Fan(s), Programmable Thermostat
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate, Tile, Vinyl
Equipment Satellite Dish
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Exterior Feature Private Entrance
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available
Roof Type Composition
Accessibility Wheelchair Access
Building
Lot Description Other, Near Public Transit
Story 1
Entry Level One
Level or Stories One
New Construction No
Schools
Elementary Schools Sheldon Lakee Elementary School
Middle Schools C.E. King Middle School
High Schools Ce King High School
School District 46 - Sheldon
Others
Tax ID 074-173-008-0019
Acceptable Financing Cash, Conventional, Investor Financing
Listing Terms Cash, Conventional, Investor Financing
Schools and Properties Nearby
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