Value-Add 16 Unit Complex in Northside Next to I-45 with Potential Seller Financing Available

6702 Fulton St, Houston
20.66% IRR
Long Term Rental
Value-add 16 unit complex in Northside next to I-45 with potential seller financing available. 8 fully updated units, 4 leased with value-add potential, and 4 demo’d in need of rehab. 8,100 sq ft 16-unit complex built in 1965. All 1 bed, 1 bath units. (8) units fully updated and being leased at $950/mo. (3) units leased m2m for $650. (1) vacant unit being painted and marketed. (4) units demo'd and ready for rehab. Major capex recently completed including new roof, fence, mini-split AC, exterior paint. Updated units have all new floors, walls, cabinets, fixtures, water heaters, bathrooms.

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Value-Add 16 Unit Complex in Northside Next to I-45 with Potential Seller Financing Available

Listed 08/29/2023

6702 Fulton St, Houston

Purchase Price:$1,500,000

Cash Outlay:$560,000


Cap Rate:7.29%


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