Description
Welcome to 801-803 66th St, a highly efficient, fully occupied 8-plex sitting directly in the path of progress in Houston's booming Greater East End footprint. Boasting an actual NOI of $57,741, this asset offers a low-risk position inside the Loop. The property features high-ticket capital expenditures already handled by the seller, including a recent roof, replaced water main lines, updated attic insulation. Operationally, the property is a dream value-add canvas. With room for cosmetic updates to increase equity and the building's overall net operating yield. Situated in the transitioning urban infill pocket of Magnolia Park, residents enjoy effortless access to the transit arteries of Downtown Houston, the thriving commercial corridors of EaDo, and the massive tenant bases of the University of Houston and the Port of Houston.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
School Information
Description
Welcome to 801-803 66th St, a highly efficient, fully occupied 8-plex sitting directly in the path of progress in Houston's booming Greater East End footprint. Boasting an actual NOI of $57,741, this asset offers a low-risk position inside the Loop. The property features high-ticket capital expenditures already handled by the seller, including a recent roof, replaced water main lines, updated attic insulation. Operationally, the property is a dream value-add canvas. With room for cosmetic updates to increase equity and the building's overall net operating yield. Situated in the transitioning urban infill pocket of Magnolia Park, residents enjoy effortless access to the transit arteries of Downtown Houston, the thriving commercial corridors of EaDo, and the massive tenant bases of the University of Houston and the Port of Houston.