FSBO
FSBO - For Sale
$750,000
For Sale by Owner
$172/sq ft Listed 6 days ago
1BR Multi-Family for Sale in Houston, TX
801 and 803 66th St, Houston, TX 77011
1 Bed
1 Bath
4,368 sq ft
Built 1946
PropSlick Verified Data
Key facts & insights for this exact address
$172
Price / sq ft
1946
Year Built
5,000 sf
Lot Size
Harris
County
Key Facts
Property TypeMulti-Family
Year Built1946
Square Footage4,368 sq ft
Lot Size5,000 sq ft
Price / SqFt$172
Property Description
7.7% IN-PLACE CAP RATE, $93,750/DOOR, 8-UNIT COMPLEX INSIDE THE 610 LOOP. Exceptional cash-flowing multi-family asset in Central Park / Magnolia Park (East End Revitalized). Composed of two separate two-story fourplex buildings totaling 4,368 SqFt. 100% occupied, generating $6,350/mo ($76,200/yr gross) with an actual in-place NOI of $57,741. Consists of eight identical 1-Bed/1-Bath units averaging ~$794/mo. Major capital expenditures already completed: recent replacement roof, replaced water main supply lines, and upgraded attic insulation. Separately metered electricity (tenant-paid). Water/sewer is owner paid, creating prime upside to implement RUBS or a flat utility fee to boost NOI. Minutes to Downtown Houston, EaDo, UH, and Port of Houston employment hubs. Do not disturb tenants; drive-by only until contract.
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Amenities and Features
Air Conditioning
Heating
Property Location
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