801 & 803 66th St, Houston, TX 77011
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801 & 803 66th St, Houston, TX 77011
801 & 803 66th St, Houston, TX 77011
801 & 803 66th St, Houston, TX 77011
801 & 803 66th St, Houston, TX 77011
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Jennifer Pagel

Jennifer Pagel

+1(832) 316-2662
$ 750,000
Est. payment /mo
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801 & 803 66th St Houston, TX 77011

1 Bed

1 Bath

4,368 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,368 sqft

Price per Sqft $171

Subdivision Central Park Magnolia Park

MLS Listing ID 28729462

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1946

Property Sub-Type Multi Family

Property Description

7.7% IN-PLACE CAP RATE, $93,750/DOOR, 8-UNIT COMPLEX INSIDE THE 610 LOOP. Exceptional cash-flowing multi-family asset in Central Park / Magnolia Park (East End Revitalized). Composed of two separate two-story fourplex buildings totaling 4,368 SqFt. 100% occupied, generating $6,350/mo ($76,200/yr gross) with an actual in-place NOI of $57,741. Consists of eight identical 1-Bed/1-Bath units averaging ~$794/mo. Major capital expenditures already completed: recent replacement roof, replaced water main supply lines, and upgraded attic insulation. Separately metered electricity (tenant-paid). Water/sewer is owner paid, creating prime upside to implement RUBS or a flat utility fee to boost NOI. Minutes to Downtown Houston, EaDo, UH, and Port of Houston employment hubs. Do not disturb tenants; drive-by only until contract.

Location

State TX

County Harris

Area East End Revitalized

Interior

Heating Window Unit

Cooling Window Unit(s)

Fireplace No

Exterior

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

Elementary Schools Tijerina Elementary School

Middle Schools Edison Middle School

High Schools Austin High School (Houston)

School District 27 - Houston

Others

Tax ID 111-111-111-1111

Acceptable Financing Cash, Conventional

Disclosures Seller Disclosure

Listing Terms Cash, Conventional

Houston Realtors Information Service / HAR MLS
Listed by Coldwell Banker Ultimate Amanda Badawy
Jennifer Pagel

Jennifer Pagel

Agent License ID: 650709

+1(832) 316-2662

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