8430 Round Rock Dr - Multi-Family FOR SALE


Houston, TX 77049
$875,000 USD
832-776-9582
8430 Round Rock Dr, Houston, TX for Sale
$875,000 USD
Multi-Family - FOR SALE
1/28
null | 7% Cap Rate

8430 Round Rock Dr
Houston, TX 77049


HIGHLIGHTS

  • 100% Occupied
  • 8 Units Total
  • 2 Bed / 1 Bath Unit Mix
  • Long-Term Tenant Base
  • Value-Add Opportunity
  • New HVAC Systems

OVERVIEW

100% occupied income-producing 8-unit multifamily for a serious, qualified buyer. Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors. Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered. Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions. Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details. Lowball offers, creative financing, and “Subject To” offers will not receive a response. Serious buyers only.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

8

PRICE/UNIT

$109,375

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied 8-Unit Houston Multifamily

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Multifamily

APN/PARCEL ID

0741730080019

ASK ABOUT THIS PROPERTY

Wale LawalLPT Realty, LLCMore Info
832-776-9582

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Wale LawalLPT Realty, LLCMore Info
832-776-9582

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