704 E. 22nd Street | 704 E 22nd St
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704 E. 22nd Street 704 E 22nd St
4 Unit Apartment Building $745,000 ($186,250/Unit) 5.70% Cap Rate Houston, TX 77008
Investment Highlights
- Four Plex apartment in the heights
- Recently renovated, new roof, new siding, new Central AC, Laundry Room at the property.
- 100% occupied
Executive Summary
Great Investment or owner-occupation opportunity. New Roof, New siding, new AC, Perfect shape, all tenant-occupied.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $745,000 | Apartment Style | Low Rise |
| Price Per Unit | $186,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.70% | Building Size | 3,012 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2000 |
| Property Subtype | Apartment |
| Price | $745,000 |
| Price Per Unit | $186,250 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,012 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2000 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Built-In Bookshelves
- Deck
- Family Room
- Framed Mirrors
- Handrails
- Porch
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,150 | 750 |
| 1+1 | 2 | $1,025 | 650 |
1 of 1
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 0151620000020 | Total Assessment | $576,177 |
| Land Assessment | $450,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $126,177 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0151620000020
Land Assessment
$450,000
Improvements Assessment
$126,177
Total Assessment
$576,177
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Ahmad Adam -
Adam Group Realty
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704 E. 22nd Street | 704 E 22nd St
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