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$500,000

NAL Estimated Property Value

2415 Mcgowen Street 1, Houston, TX, 77004

Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths2,688 Sq Ft
price_per_sqft$186.01 / sqft
Year BuiltBuilt in 1935

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDisposal
FlooringVinyl

About this property

This TURNKEY quadplex boasts a fully-occupied community with tenants who are current and properly maintain the units as if it were there own. Entire property was a gut-job and is up-to-code with a recent occupancy inspection being passed in 2021. This profitable property boasts an NOI of $36,368 per year when fully occupied. Composed of four identical 2/1s. Limited maintenance costs due to all of the code upgrades. The possibilities for different investment strategies are endless. Tenants are open to renewing along with understanding of the possibility of moving out. 2 with tenants on leases, with two other being marketed for lease. PLEASE REVIEW DOCS FOR LEASE DETAILS.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$0Estimated Mortgage Balance
$500,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Houston

2415 Mcgowen Street 1 | Property Details | No Agent List