203 S Lockwood Dr - Apartments FOR SALE


Houston, TX 77011- Second Ward
$825,000 USD
832-506-2995
203 S Lockwood Dr, Houston, TX for Sale
$825,000 USD
Apartments - FOR SALE
1/20
null | 10.01% Cap Rate

203 S Lockwood Dr
Houston, TX 77011
Second Ward


HIGHLIGHTS

  • This property is just minutes away from downtown Houston, offering quick access to major business districts, cultural landmarks & entertainment venues
  • The convenient proximity to major highways makes commuting simple, enhancing the appeal for potential tenants.
  • The spacious layout of 4-Plex Units offers flexibility for multiple rental units.

OVERVIEW

The property offers 2,243 sq. ft. of living space on a 5,702 sq. ft. lot, providing ample room for modifications that could increase rental value-whether through unit separations, remodeling, or additional amenities. With a growing demand for housing in the Houston's East End area, spurred by the ongoing gentrification and urban development of Oak Lawn, this property is poised to benefit from both short-term rental returns and long-term property appreciation not to mention it is in an opportunity zone offering additional deductions through ownership. Short term and midterm rental with a proven track record of success. Income producing property with high end modern furniture included. Ask about owner finance options.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

4

PRICE/UNIT

$206,250

CAP RATE

10.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1919

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,547 SF

ZONING

-

APN/PARCEL ID

0280210000003

ASK ABOUT THIS PROPERTY

Raquel MolinaUpscale Equity LLCMore Info
832-506-2995

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Raquel MolinaUpscale Equity LLCMore Info
832-506-2995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.