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> Two duplexes located close to Downtown and Houston's 5th Ward Cultural Arts District! < Up and coming area on a large 10,000 SF lot that fronts on 2 streets; Market Street and Vernon Street in 77020. Anchored by many recent public improvements; Bike lanes along Lyons Avenue, revitalized and historic DeLUXE Theater, Mickey Leland College Preparatory Academy and more.. Property features two duplexes, each unit is 2 bedrooms, total of four 2-bedroom units, 100% occupied, rents; $860, $750, $750, $750, total gross rent; $3,110 / month, tenants pay for their own electricity, owner pays for water only. Large lot 10,000 SF, dimensions 100 x 100, lot fronts on Market st and Vernon St to the South, ideal lot for residential development. Buy now and hold this income producing property with an estimated cap rate of 9%. Do not disturb the tenants, appointment required to walk the property.
| DAYS ON MARKET | 12 | LAST UPDATED | 5/1/2024 |
|---|---|---|---|
| TRACT | Long J C | YEAR BUILT | 1930 |
| COMMUNITY | 2 | COUNTY | Harris |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| School District | 27 - Houston |
|---|---|
| Elementary School | BRUCE ELEMENTARY SCHOOL |
| Jr. High School | FLEMING MIDDLE SCHOOL |
| High School | WHEATLEY HIGH SCHOOL |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range |
| AREA | 2 |
| BUYER'S BROKERAGE COMPENSATION | 3 |
| HEAT | Space Heater |
| STORIES | 1 |
| SUBDIVISION | Long J C |
| TAXES | 4311 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Carlos Garcia Realty, Inc.
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