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The Daniel C. Abrego Exempt Trust 8114 Stedman St

3 Unit Apartment Building $329,000 ($109,667/Unit) Houston, TX 77029

Investment Highlights

  • Neighborhood locals get together for barbeques and listen to music and stay close to home.
  • This small business has been around for a long time, iconic figure, Opportunity Zone Area.
  • Opportunity to have income and tenants and become a small business entrepreneur.

Executive Summary

No Vacancies, 100% Rented. Great opportunity for Investors: This quaint small building serves as neighborhood pub entertainment for the local community and industrial businesses. It is comprised of one apartment that is rented out for $850 per month and the other two have been renovated and rent for $1,050 and $1,100 per month. This is a great investment for someone wanting to start a small business or neighborhood/sports bar which is rented out for $1,300 per month. Monthly Rental Revenue: $4,300, yearly: $51,600. This area is mainly industrial with truckdrivers delivering product back and forth all day long to the Port of Houston, as hard workers stop in for a drink. This is also considered an Opportunity Zone area. Don't wait, call now. 281 924 7438.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $51,600 $15.19
Other Income - -
Vacancy Loss - -
Effective Gross Income $51,600 $15.19
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $51,600
Annual Per SF $15.19
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $51,600
Annual Per SF $15.19
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $329,000
Price Per Unit $109,667
Sale Type Investment or Owner User
Sale Conditions
Business Value Included
  • Redevelopment Project
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.13 AC
Building Size 3,398 SF
Average Occupancy 100%
No. Stories 1
Year Built 1953

About 8114 Stedman St , Houston, TX 77029

Property sits on 5,000 square feet on Stedman St, right near McCarty Drive and small businesses nearby. No Zoning or HOA.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0292510790004
Land Assessment
$42,500 (2023)
Improvements Assessment
$117,992 (2023)
Total Assessment
$160,492 (2023)

zoning

Zoning Code None (No Zoning or HOA fees required.)
None (No Zoning or HOA fees required.)
  • Listing ID: 32017007

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 8114 Stedman St, Houston, TX 77029

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