7-Plex 5331 Bell St 7 Unit Apartment Building $797,000 ($113,857/Unit) 6.40% Cap Rate Houston, TX 77023

Rarely does a multi-family property with such desirable updates, off-street parking, on-site laundry and so ideally situated come on the market in the vibrant East End.
With tenants in place, your revenue is set to generate.
Update highlights since 2020 include - refinished hardwoods, Kitchens: granite countertops, and appliances. Kitchens & Bathrooms: flooring, plumbing fixtures, cabinets. Plumbing: tankless water heaters, PEX plumbing + PVC. 7-Plex: electrical lines + gas & electric meters, double-paned windows, paint interior & exterior, insulation in attic and walls, 2 units have mini-splits.
Easy access to rail lines, downtown, and freeways. Close to multiple universities.
6 of the seven units are studio apartments. Unit #1 is a 1-bedroom 1 bath.
Fantastic investment opportunity. This 7-plex is ideal for the investor interested in this exciting & growing East End Revitalized Area. Units have been 98% occupied and typically leased quickly. Current tenants either pay directly or are billed back for all utilities.
Financing: Cash or DSCR preferred.