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$ 1,150,000
Est. payment | /mo
3,053 SqFt
$ 1,150,000
Est. payment | /mo
3,053 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 3,053 sqft
Price per Sqft $376
Subdivision Park Place Acre Villa
MLS Listing ID 7252518
Year Built 1940
Annual Tax Amount $14,558
Tax Year 2024
Lot Size 0.275 Acres
Property Sub-Type 5 Plus
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 Hobby Area
Interior
Heating Window Unit
Cooling Window Units
Exterior
Roof Type Composition
Building
Story 2
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
Senior Community No
Restrictions None
Tax ID 028-326-009-0012
Tax Rate 2.0924
Disclosures No Disclosures
Special Listing Condition No Disclosures
Listed by Kevin Riles Commercial • Kevin Riles
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