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6802 Avenue F, Avenue F - 6802 Wayside

7 Unit Apartment Building Offered at $550,000 at a 12.95% Cap Rate in Houston, TX 77011

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Executive Summary

Right on the corner of Wayside Dr. and Avenue F, this is a real income producing opportunity. It has seven rental units total. Five of the units are apartments, one is a barber shop and the other is a retail space. It generates a total of over $89,700.00 in income annually, with expenses of approximately $18,500.00 annually. The owner pays all utilities, except for the barber shop. The five living units are all one bedroom, and one has no kitchen. The owner just had new roofs installed on all three buildings.

6802 Ave. F - floor plan

Property Facts

Price	$550,000	Lot Size	0.11 AC
Price Per Unit	$78,571	Building Size	3,328 SF
Sale Type	Investment	Average Occupancy	100%
Cap Rate	12.95%	No. Stories	2
No. Units	7	Year Built	1940
Property Type	Multifamily	Cross Streets	Wayside
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$550,000
Price Per Unit	$78,571
Sale Type	Investment
Cap Rate	12.95%
No. Units	7
Property Type	Multifamily
Apartment Style	Low Rise
Lot Size	0.11 AC
Building Size	3,328 SF
Average Occupancy	100%
No. Stories	2
Year Built	1940
Cross Streets	Wayside
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.