Value-Add 16 Unit Complex in Northside Next to I-45 with Potential Seller Financing Available
6702 Fulton St, Houston
ROI
20.66% IRR
Strategy
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.
