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Description
Completely renovated (2018/19) and stabilized 4-Plex in Broadmoor, a rapidly gentrifying neighborhood. Two 2BR/lBA units & two 1BR/1BA units. 100% occupied/1 yr leases. Owner pays water/sewer with a monthly bill back to tenants.
Significant capital improvements include: new appliances & paint in all four units. Flooring replaced in one unit w/ new vinyl plank; other units have real hardwood; exterior completely repainted + new hardiback siding. Other new improvements include 1. concrete driveway 2. cedar fence 3. new landscaping 4. sewer line 5. water heaters 6. numerous window air conditioning/heating units 7. several deckboards replaced.
Ideal turnkey property for starter FHA investor or experienced 1031 investor.
Low maintenance, cash yielding asset with long term appreciation potential.
Nearby Schools
Cage Elementary SchoolElementary School
Navarro Middle School (houston)Middle School
Austin High School (houston)High School
Location
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Listing Agent: Melina Mackey Courtesy of: HomeSmart Fine Properties All information is subject to change and should be independently verified. Copyright© 2022, HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved by Houston Association of REALTORS® Updated: 5th July, 2022 5:56 AM (UTC)
