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Remodeled 8 Unit with Strong Cashflow Close to East River Project

11 Norwood St, Houston
ROI
20.95% IRR
Strategy
Long Term Rental
Remodeled 8 unit with strong cashflow close to East River project. Mix of studios and 2 bedroom units. Appraised for $1.1M. Remodeled 8-unit built in 1935 with (5) studios and (3) 2 bed units. Recently appraised for $1.1M

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Remodeled 8 Unit with Strong Cashflow Close to East River Project

Listed 10/18/2023

11 Norwood St, Houston

Purchase Price:$875,000

Cash Outlay:$288,000

Cashflow:$1,451/mo

Cap Rate:8.21%

IRR:20.95%

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