5331 Bell St - Apartments FOR SALE


Houston, TX 77023- Eastwood
$797,000 USD
713-875-7297
5331 Bell St, Houston, TX for Sale
$797,000 USD
Apartments - FOR SALE
1/22
null | 6.4% Cap Rate

5331 Bell St
Houston, TX 77023
Eastwood


HIGHLIGHTS

  • 5331 Bell St - renovated 7-plex apartment building.
  • Off-Street parking
  • 2020 updates and amenities include granite kitchen countertops, refinished hardwood floors, sheetrock replaced throughout, and more.
  • Two shared front-loading washers and dryers onsite
  • Units historically lease quickly and the occupancy rate is high

OVERVIEW

The Power Moves Group presents the multifamily 7-plex property at 5331 Bell Street. This property has desirable updates, off-street parking, and on-site laundry in the vibrant East End area. With tenants in place, revenue is set to be generated. Units have been 98% occupied and typically leased quickly. Current tenants either pay directly or are billed back for all utilities. Six of the seven units are studio apartments. Unit #1 is a one-bedroom/ one-bathroom. 2020 updates include refinished hardwoods, kitchens with granite countertops, appliances, kitchen and bathroom flooring, plumbing fixtures, cabinets, tankless water heaters, PEX plumbing, and PVC. The 7-plex: electrical lines + gas & electric meters, double-paned windows, paint interior & exterior, insulation in attic and walls, two units have mini-splits. 5331 Bell Street presents a fantastic investment opportunity, ideal for investors interested in the exciting and growing East End revitalization area. The property is easily accessible to rail lines, Downtown, Freeways, and multiple universities. Financing: Cash or DSCR preferred. Inquire today for more information.

FOR SALE DETAILS

PRICE

$797,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

7

PRICE/UNIT

$113,857

CAP RATE

6.4%

% LEASED

14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5331 Bell St 7-Plex in East End

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

None

APN/PARCEL ID

0121290030020

ASK ABOUT THIS PROPERTY

Rhonda PowerCB&A RealtorsMore Info
713-875-7297

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Rhonda PowerCB&A RealtorsMore Info
713-875-7297

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