8814 Manus St - Apartments FOR SALE


Houston, TX 77093- Eastex-Jensen
$996,520 USD
832-776-9582
8814 Manus St, Houston, TX for Sale
$996,520 USD
Apartments - FOR SALE
1/71
null | 7.27% Cap Rate

8814 Manus St
Houston, TX 77093
Eastex-Jensen


HIGHLIGHTS

  • Attractive Basis & Stabliszed Cash Flow
  • Significant Recent Renovations
  • Strategic & Resilient Location

OVERVIEW

BEST MULTIFAMILY DEAL ON THE MARKET. Please send the offer to Wale@NetworthBuilders.com. See MLS attachments for financials & Offering Memorandum. Information is deemed reliable but not guaranteed; buyers to verify. Unit #5 is vacant and available to show with Proof of Funds. All tenants are on annual leases, many long-term. Property has never flooded. Approx. monthly expenses: $780 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, Deed or short-term rental restrictions. Call 832-776-9582 for questions. NO SELLER FINANCING OR CREATIVE FINANCING OR SUBTO OFFER. Physical Property Description: BEST MULTIFAMILY DEAL consist of 5 units of 1bed/1bath and 6 Units of 2beds/1bath. Priced at 1% rental rule on existing rents (not projected!) See attached Offering Memorandum (OM). Great income-producing 11-unit multifamily Deal. New Roof, New HVAC, updated interior. Upside includes: Pet fees, rent increase, laundromat onsite, and implementing RUBS on water since there is no separate water meter. Unit #5 is vacant and available for showings with Proof of Funds. Unit 5 is representative of the overall condition of other units. All tenants are on annual leases, with the average tenant in place for several years and intending to remain with new ownership. Details on the MLS attachment. Monthly operating expenses for all eleven units include Approx. monthly expenses: $780 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no short-term rental restriction, and no deed restriction. Low-ball offers will not receive a response. No creative deal or “Subject To”.

FOR SALE DETAILS

PRICE

$996,520 USD

PRICE/SF

$131 USD /SF

# OF UNITS

11

PRICE/UNIT

$90,593

CAP RATE

7.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,710 SF

ZONING

F1

APN/PARCEL ID

0752410020003,0752410020004,0752410020005

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.