18% Cap Rate Houston 6-Plex: Fully occupied!-SOLD

Location
Texas, Houston GMA
150 000

Overview

Property Address
8214 Tilgham Houston Texas 77029
Asking Price
$150,000.00
Special - Instruction
Things to watch out for: Current tenants are happy where they are, but there is deferred maintenance on the property. A good strategy would be to enjoy the cash flow for sometime, then improve the property and rent-up.

Description

8214 Tilgham, Houston, TX, 77029

 

Have you been waiting to get started in the Multi-Family business? Here is your chance!

 

This is a fully occupied 6-plex, cash flowing over $2000 per month!

 

Here is the breakdown of the units
# 1: 1bed $400/mo
#2: 2bed $380/mo
#3: 1 bed $400/mo
#3: 1/2 efficiency $200/mo
#4: 1 bed $400/mo
#5: 1 bed $425/mo
#6: 2 bed $425/mo
$ 2630 Gross Rent


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