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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
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
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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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