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$775,000
Est. payment /mo
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Central Park Magnolia Park
MLS Listing ID 24125422
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1946
Annual Tax Amount $8,545
Tax Year 2023
Property Sub-Type Multi Family
Property Description
Welcome to 801-803 66th St, a highly efficient, fully occupied 8-plex sitting directly in the path of progress in Houston's booming Greater East End footprint. Boasting an actual NOI of $57,741, this asset offers a low-risk position inside the Loop. The property features high-ticket capital expenditures already handled by the seller, including a recent roof, replaced water main lines, updated attic insulation. Operationally, the property is a dream value-add canvas. With room for cosmetic updates to increase equity and the building's overall net operating yield. Situated in the transitioning urban infill pocket of Magnolia Park, residents enjoy effortless access to the transit arteries of Downtown Houston, the thriving commercial corridors of EaDo, and the massive tenant bases of the University of Houston and the Port of Houston.
Location
State TX
County Harris
Area East End Revitalized
Interior
Heating Window Unit
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
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 051-272-000-0001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Coldwell Banker Ultimate Amanda Badawy
NEARBY SCHOOL & BUSINESS
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