8 Unit Multi Family - 100% Occupied | 2432 Little York Rd #8 rd
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8 Unit Multi Family - 100% Occupied 2432 Little York Rd #8 rd
8 Unit Apartment Building $700,000 ($87,500/Unit) 9.16% Cap Rate Houston, TX 77091
Investment Highlights
- 100% occupied
- All electric is up to code with city of Houston
- Recently remodeled units
Executive Summary
!!9.16% CAP!! Fantastic INVESTMENT OPPORTUNITY to own a 100% OCCUPIED 1 bed/1 bath 8 unit multifamily. Each unit measures approximately 600 SF. Two units have recently been remodeled 100%. All electric is up to code with City of Houston. Master meters for all utilities. Roof is approximately 10 years old. This multifamily is on 18,449 SF gated paved lot with great security lighting. Contact us today for additional details.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$93,600
|
$21.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,600
|
$21.27
|
| Taxes |
$9,212
|
$2.09
|
| Operating Expenses |
$20,257
|
$4.60
|
| Total Expenses |
$29,469
|
$6.70
|
| Net Operating Income |
$64,131
|
$14.58
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $93,600 |
| Annual Per SF | $21.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $93,600 |
| Annual Per SF | $21.27 |
| Taxes | |
|---|---|
| Annual | $9,212 |
| Annual Per SF | $2.09 |
| Operating Expenses | |
|---|---|
| Annual | $20,257 |
| Annual Per SF | $4.60 |
| Total Expenses | |
|---|---|
| Annual | $29,469 |
| Annual Per SF | $6.70 |
| Net Operating Income | |
|---|---|
| Annual | $64,131 |
| Annual Per SF | $14.58 |
Property Facts Under Contract
Unit Amenities
- Ceiling Fans
- Hardwood Floors
- Carpet
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $990.00 | 600 |
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PROPERTY TAXES
| Parcel Number | 0162680010014 | Total Assessment | $419,076 |
| Land Assessment | $184,490 | Annual Taxes | $9,212 ($2.09/SF) |
| Improvements Assessment | $234,586 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0162680010014
Land Assessment
$184,490
Improvements Assessment
$234,586
Total Assessment
$419,076
Annual Taxes
$9,212 ($2.09/SF)
Tax Year
2023
-
Iliana Sanchez -
NuWay Realty Group
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8 Unit Multi Family - 100% Occupied | 2432 Little York Rd #8 rd
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