8430 Round Rock Dr Unit 8, Houston, TX 77049

$875,000
: 6,800
SqFt

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List Price: $875,000
Status: ACTIVE
MLS#: 63243731
Days on Market: 78
Unit: 8
Year Built: 1957
Living Area: 6,800
Lot Size: 40,000
Lot Size Source: Appraiser
Subdivision: Reservoir Acres
Region: 2
Market Area: North Channel
County: Harris

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Property Description

100% occupied income-producing 8-unit multifamily for a serious, qualified buyer. Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors. Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered. Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions. Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details. Lowball offers, creative deal or creative offer, and “Subject To” offers will not receive a response. Serious buyers only.

281-451-0242

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Additional Information

Finance Available: Cash, Conventional, Investor Financing
Taxes: $9,397
Neighborhood: North Channel
Interior Features: Ceiling Fans, Programmable Thermostat
Heating: Central, Electric
Cooling: Central Air, Electric
Stories: 1
Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
Lot Description: Other, Near Public Transit
Appliances: Microwave, Refrigerator
Roof: Composition
School District: Sheldon
Elementary School: Sheldon Lakee Elementary School
Middle School: C.E. King Middle School
High School: Ce King High School