Property Details
> Two duplexes located close to Downtown and Houston's 5th Ward Cultural Arts District! < Up and coming area on a large 10,000 SF lot that fronts on 2 streets; Market Street and Vernon Street in 77020. Anchored by many recent public improvements; Bike lanes along Lyons Avenue, revitalized and historic DeLUXE Theater, Mickey Leland College Preparatory Academy and more.. Property features two duplexes, each unit is 2 bedrooms, total of four 2-bedroom units, 100% occupied, rents; $860, $750, $750, $750, total gross rent; $3,110 / month, tenants pay for their own electricity, owner pays for water only. Large lot 10,000 SF, dimensions 100 x 100, lot fronts on Market st and Vernon St to the South, ideal lot for residential development. Buy now and hold this income producing property with an estimated cap rate of 9%. Do not disturb the tenants, appointment required to walk the property.