720 Memorial Mews St - Multi-Family FOR SALE


Houston, TX 77079- Energy Corridor
$689,000 USD
281-221-6229
720 Memorial Mews St, Houston, TX for Sale
$689,000 USD
Multi-Family - FOR SALE
1/4
null | 6.11% Cap Rate

720 Memorial Mews St
Houston, TX 77079
Energy Corridor


HIGHLIGHTS

  • Consitently occupied units in Energy Corridor
  • Strong cap rate with easy opportunity to increase rents on two of the units with longer term tenants in place
  • Desirable location close to I-10 and the Terry Hershey park system

OVERVIEW

Well-maintained four-unit town-home property ideally situated in the Energy Corridor next to Terry Hershey Park, offering a strong combination of location, condition, and stable rental income. The property consists of two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units, all currently leased with tenants in place. Ownership has professionally overseen management and upkeep for over five years. Each unit features updated interiors with granite countertops, stainless steel appliances, and hard-surface flooring throughout for easy maintenance. Living areas are generously sized and include fireplaces, while double-pane windows provide added energy efficiency. Residents enjoy convenient access to nearby walking and biking trails as well as outdoor amenities such as picnic and BBQ areas. The property is located within the highly regarded Katy Independent School District. Property is being offered occupied; showings will be arranged upon accepted offer—please do not disturb tenants.

FOR SALE DETAILS

PRICE

$689,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

4

PRICE/UNIT

$172,250

CAP RATE

6.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

720 Memorial Mews

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,580 SF

ZONING

-

APN/PARCEL ID

1147280020021

ASK ABOUT THIS PROPERTY

Jeremy GoodGood Resources LLCMore Info
281-221-6229

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Jeremy GoodGood Resources LLCMore Info
281-221-6229

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