44 Property Rental Portfolio (Houston, TX)

Houston, TX, 77093 view full address
For Sale
Listed at: October 1st, 2024
Price
$6,200,000
ARV
$7,500,000
Gross Margin
$1,300,000
Sq. Footage
758
Type
Single-Family
Parking
Assigned
Year build
1960
Lot size
0.04 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Sales Price $ 6,400,000.00  

If you want a Cash Cow Flowing Property. THIS IS IT!  

Enclosed is the information on my sale for the 44 occupied Rental properties. 

Package sale. 

All 43  2-1 Baths, (1) 1-1Bath 

Land size 2.6043 Acres 

All approximate 800 s/f. 

Tenants pay water& Electric. 

Gross Rents= $ 24,900.00                

6 interior Rehabs Rents x $ 950.00= + $5,700.00          Added Incomes 

                                                        ___________ 

                                                         $ 30,600.00      Sub-Total 

  

 44 projected rents @ $ 950.00 = $ 41,800.00 Gross. 

6 need interior finish out of approx. $ 15,000.00 each. 

38 need $ 2500.00 each for make readies, Ceramic flooring, Grant Tops, 3 Ceiling Fans, Paint interior & Exterior. 

 

I’m converting 3383- A to a Laundry Matt with projected extra income of $ 5000.00 monthly. 

 

I also I have been moving the lower $ 700.00 renters out and raising to $ 950.00+. 

I am selling the potential cash flow upon 100 % occupancy which will be back up shortly after the interior renovations of the last 38 houses are completed with minor make readies.  

Rents are below the market and can be raised to $ 950.00+ {This is what we are going to be bringing in shortly in}.  

These are great income producing properties with tenants living there for years.  

These can also be sold individually to the tenants or other home buyers later owner finance for $170,000.00. 

Call or text Lucas at 901-499-4719 to schedule a showing or for more info!
Email: Lucas@storydoor.com

Property is under contract with escrow opened and earnest money deposited. Do not contact seller. Please do not blast out our deals without our consent.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
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Contact

Benjamin Contreras

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