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$950,000
Est. payment /mo
3,053 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,053 sqft
Price per Sqft $311
Subdivision Park Place Acre Villa
MLS Listing ID 7252518
HOA Y/N No
Year Built 1940
Annual Tax Amount $14,558
Tax Year 2024
Property Sub-Type Multi Family
Property Description
Kevin Riles Commercial is pleased to offer this exceptional investment opportunity in Houston's Park Place neighborhood! This 12-unit apartment complex offers a unique mix of long-term and short-term rental income, making it ideal for a first-time multifamily investor or a seasoned buyer looking to expand their portfolio.
Property Highlights:
-12 one-bedroom units
- Six units currently operating as Airbnb rentals – fully furnished and recently updated - Six traditional rental units – offering an opportunity to renovate and increase value
- Upgraded parking lot and recent capital improvements completed by the current
owner
- Potential for higher revenue by converting additional units to short-term rentals
Prime Location:
- Near 610 South & I-45 South for easy accessibility - Just north of Houston Botanic Garden
- 13 minutes to Hobby Airport
- 20 minutes to Downtown Houston
Property Highlights:
-12 one-bedroom units
- Six units currently operating as Airbnb rentals – fully furnished and recently updated - Six traditional rental units – offering an opportunity to renovate and increase value
- Upgraded parking lot and recent capital improvements completed by the current
owner
- Potential for higher revenue by converting additional units to short-term rentals
Prime Location:
- Near 610 South & I-45 South for easy accessibility - Just north of Houston Botanic Garden
- 13 minutes to Hobby Airport
- 20 minutes to Downtown Houston
Location
State TX
County Harris
Area 3
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 Sanchez Elementary School (Houston)
Middle Schools Deady Middle School
High Schools Chavez High School
School District 27 - Houston
Others
Tax ID 028-326-009-0012
Read Less Info
Listed by Kevin Riles Commercial Kevin Riles
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Vicky Cedillo
Brokerage Owner | License ID: 607705
Brokerage Owner License ID: 607705
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