Welcome to an incredible investment opportunity in the heart of East Downtown Houston This fully occupied property at 71097111 Avenue E offers 10 units spread across two buildings, each with five units. With nine spacious 21 baths and one cozy 11 bath, this property offers something for everyone.The two buildings bring in a total of 7700 monthly, with Building One generating 3950 and Building Two generating 3750. With a purchase price of only 750,000, this property offers an excellent return on investment and is an outstanding addition to any investors portfolio.This property boasts a high cap rate of 9.445, making it an attractive investment option for those seeking stable and profitable passive income. With yearly gross income of 92,400 and expenses of only 21,566, this investment offers an impressive and reliable stream of income.The owner of this property is an experienced and responsible gentleman who has owned the property for 27 years. While there are no detail beycome.com Listing ID: bey14624761.
Extra Information for 7109 Ave E Houston, TX 77011
- Seller Type: By Owner
- Category: Single-Family Houses
- Conditions: Resale
- Listed Date: Apr 25, 2023
