Investors rejoice! Act quickly for your opportunity to own a multi-family income producing property at rock bottom price. All four units are leased (most to long time tenants), with the highest rents and most updated units in this community just off Hwy 90 in Sealy, Texas. Just a short 25 minute drive from Katy. Total rents amount to $1,925 / month, and check out the work: recent carpet in all bedrooms, recent tile in all wet areas on the first floor, recent vinyl in all wet areas on the second floor, all four HVAC units are aged 2004 or newer, and most of the appliances are recent. One unit is discounted because the tenant helps the landlord manage both properties.
You'll have zero rehab costs going in and all four units are already leased, and the work you'll have to do to manage these properties in minimal. Just purchase, and start earning rental income immediately! Fixed costs - taxes, insurance, water, sewer, garbage pickup, common area maintenance and electric - all minimal. Check out the attached investment analysis for details.
The neighborhood consists of a single tree lined street, with similar buildings on both sides and across the street. The area immediately behind the building is sodded and provides a great place for kids to play. Extremely little traffic in the area keeps them safe.
This property is one of two properties in this community being sold by the owner. The other one, 1009 Gunnison, can be viewed on our website right here. They are for sale individually or packaged as one.
Disclaimer: The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Information presented herein is subject to change without notice.