Rare hard-to-find 6-plex located in an exclusive neighborhood in the heart of the highly desirable Inner Loop 610 area. 100% occupied. Completely renovated. 6 cap on in-place income, 7 cap pro-forma. Upside potential. Central HVAC in four apartments, window units in two apartments. Individual full-size washers and dryers in four apartments. Minutes from the major employment centers of the Galleria/Uptown, CBD/Downtown, Medical Center and Greenway Plaza. Also minutes from major shopping malls, all four professional sports venues, all four performing arts venues, and an endless choice of exquisite fine dining establishments. High-demand lot for new home construction. New residential construction currently underway on nearby sites, with many recently built multi-million dollar homes noticeable throughout the neighborhood.

Location Description:

Exclusive neighborhood located in the heart of the most desirable Inner Loop 610 area minutes from the major employment centers of the Galleria/Uptown, CBD/Downtown, Medical Center and Greenway Plaza. Also minutes from major shopping malls, all four professional sports venues, all four performing arts venues, and an endless choice of exquisite fine dining establishments.

Highlights:

>> Rare hard-to-find 6-plex.

>> 100% occupied.

>> 6 cap on in-place income, 7 cap pro-forma.

>> Upside potential.

>> Central HVAC in four units.

>> Full-size W/D appliances in four units.

>> Completely renovated.

>> Highly desirable Houston residential in-fill property.

>> Located in exclusive neighborhood, one block from highly desirable Mandell Park.

>> Within comfortable walking distance of the Menil Museum.

>> Minutes to major employment centers of Galleria/Uptown, CBD/Downtown & Medical Center.

>> Houston Certificate of Occupancy.

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Sales Info:

>> Cap rate: 7.0%

>> Commision split: 50.0%

>> NOI: $66139