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    5621 Eskridge Street

    Houston, TX 77023
    • $375,000
    • STATUS: Active
    • ON SITE: 86 days
    • MLS #: 40701206
    UPDATED: 57 min ago
    $375,000
    • 2
      BEDS
    • 0.11
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 2,670
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1939
    County:
    Area:
    4

    School Information

    Elementary School:
    School District:

    Description

    Back on the market again and with increased rents that increases the value of the property! Come and add this investment property to your portfolio and hit the ground running with good tenants and cash-flow immediately! This is a 5 unit complex consisting of 2 buildings. The front 2 story building is a duplex consisting of 2/1 units and the rear 2 story building is a triplex consisting of 1/1 units with one of the units containing a garage. There is also a laundry room ready for use where you can install coin-operated washer/dryer for added revenue. Current gross rents now at $3,790 with room to increase rents on all units in the future. 4 tenants are under contract, one is M2M. Cap rate now between 9-10% and can raise rents to receive over $4k/month to increase cap rate and cash-flow. The 2/1 units contain the kitchen and LR on the 1st floor, BR and Bath on 2nd floor. The 1/1 have their kitchen and LR on one half and the BR and Bath on the other half. Photos of property when empty

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    © 2021 Houston Realtors Information Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-03-04T19:13:08.453.
    www.micheleharmonteam.com/homes/112439036
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    5621 Eskridge Street Houston, TX 77023

    • Price: $375,000
    • Status: Active
    • Updated: 57 min ago
    • MLS #: 40701206
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,670
    SQFT
    $140
    $/SQFT
    1939
    Built
    Neighborhood:
    Sunnylan
    County:
    Harris
    Area:
    4
    Elementary School:
    Henderson J Elementary School
    Middle School:
    Navarro Middle School (Houston)
    High School:
    Austin High School (Houston)
    School District:
    Houston
    Property Description
    Back on the market again and with increased rents that increases the value of the property! Come and add this investment property to your portfolio and hit the ground running with good tenants and cash-flow immediately! This is a 5 unit complex consisting of 2 buildings. The front 2 story building is a duplex consisting of 2/1 units and the rear 2 story building is a triplex consisting of 1/1 units with one of the units containing a garage. There is also a laundry room ready for use where you can install coin-operated washer/dryer for added revenue. Current gross rents now at $3,790 with room to increase rents on all units in the future. 4 tenants are under contract, one is M2M. Cap rate now between 9-10% and can raise rents to receive over $4k/month to increase cap rate and cash-flow. The 2/1 units contain the kitchen and LR on the 1st floor, BR and Bath on 2nd floor. The 1/1 have their kitchen and LR on one half and the BR and Bath on the other half. Photos of property when empty
    Exterior Features

    Roof Composition Siding BrickCement Board

    Interior Features

    Cool System Window Units Floors TileVinylVinyl Plank Heat System Wall HeaterWindow Unit Range Yes Refrigerator Yes

    Property Features

    Contract Type Commercial Country United States Disclosures Owner/Agent Energy Ceiling Fans Expense Owner Operating ElectricMaintenance/RepairTrash CollectionWater/Sewer Fee Other No Finance Available Cash SaleConventionalInvestor Lot Size Source Appraisal District Lot Value No Maintenance Fee Yes No No Management Co YN No New Construction No Property Sub Type 5 Plus Restrictions Unknown Sq Ft Source Appraisal District Tax Amount 6533 Tax Rate 2.5716 Tax Year 2020 Unit Features Fenced Area Year Built Src Appraisal District

    Listing information © 2021 Houston Association of REALTORS® MLS.
    Listing courtesy of The Horizon Team.



    © 2021 Houston Realtors Information Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-03-04T19:13:08.453.
     
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    Michele Harmon Team | RE/MAX Vintage
    10130 Louetta Rd., Ste J
    Houston TX, 77070