5621 Eskridge Street, Houston, TX 77023 (MLS # 9277837)
Invest in a special side of Houston called EaDo and make a great return on your money. This is a 5 unit complex consisting of 2 buildings. The front 2 story building is a duplex consisting of 2/1 units and the rear 2 story building is a triplex consisting of three 1/1 units with one of the units containing a garage. All units are currently occupied and under contracts. Current gross rents are at $3,515 with plenty of room to increase rents in at least 3 units and increasing total monthly rents to over $4,000. Current rents bring the cap rate between 8-9% but can be increased to 10% cap rate when rents are increased. For the 2/1 units, the 1st floor consists of the kitchen and living room while the second floor consists of the 2 bedrooms and the bathroom. The 1 bedroom units all have their kitchen and living room on one half and the other half is the bedroom with the bathroom. Photos are of property when empty. All tenants have been paying well.
|School District||27 - Houston|
|Elementary School||HENDERSON J ELEMENTARY SCHOOL|
|Jr. High School||NAVARRO MIDDLE SCHOOL (HOUSTON)|
|High School||AUSTIN HIGH SCHOOL (HOUSTON)|
|CONSTRUCTION||Brick & Wood, Cement Board|
|HEAT||Wall Heater, Window Unit|
|LOT||5000 sq ft|
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