Collect 3,150 per Month OR MORE on This 6-Unit Houston Apartment Complex
Apartments in Houston, Texas, United States
2,842 Sq. Ft. 2 1
Looking For: Sale
Priced to MOVE by a motivated seller, this multifamily offering is a great opportunity to invest in a stable, cash-flowing property.
With an asking price of $165,000 â€“ less than that of many single family homes this property is an incredible chance for significant upside potential. It has a cap rate of 10 percent. You could collect $3,150 per month or more on this discounted, 6-unit apartment complex in Houston's Gulfgate-Pine Valley neighborhood.
Not only will you have 6 income-producing units, you'll have the stability of 100-percent occupancy (and self-management). For a low down payment, you could start seeing dividends soon from this 2-story 4-plex with 2 additional garage units. The property has a nice mix of 2-bedroom, 1-bath (4) and 1-bedroom, 1-bath (2) units, along with laundry facilities.
- Air conditioning
- Washing machine