801 & 803 66th St, Houston, Texas 77011
$750,000
1 Bed
1 Full Bath
Multi-Family
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About 801 & 803 66th St
7.7% IN-PLACE CAP RATE, $93,750/DOOR, 8-UNIT COMPLEX INSIDE THE 610 LOOP. Exceptional cash-flowing multi-family asset in Central Park / Magnolia Park (East End Revitalized). Composed of two separate two-story fourplex buildings totaling 4,368 SqFt. 100% occupied, generating $6,350/mo ($76,200/yr gross) with an actual in-place NOI of $57,741. Consists of eight identical 1-Bed/1-Bath units averaging ~$794/mo. Major capital expenditures already completed: recent replacement roof, replaced water main supply lines, and upgraded attic insulation. Separately metered electricity (tenant-paid). Water/sewer is owner paid, creating prime upside to implement RUBS or a flat utility fee to boost NOI. Minutes to Downtown Houston, EaDo, UH, and Port of Houston employment hubs. Do not disturb tenants; drive-by only until contract.
Highlights
801 & 803 66th St
$750,000
Multi-Family
4,368 Home Sq Ft
Houston 77011
1 Bed
1 Full Bath
5,000 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
111-111-111-1111
Tax Rate
Unknown
Taxes w/o Exemption/Yr
Unknown
Maint Fee
No
Interior Features
Fireplace
No
Heating
Window Unit
Cooling
Window Unit(s)
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Loft
No
Exterior Features
Roof
Composition
Private Pool
No
Area Pool
Maybe
New Construction
No
Listing Firm
Coldwell Banker Ultimate
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Tijerina Elem | Elementary | 6 of 10 |
| Edison Middle | Middle | 7 of 10 |
| Austin High (Houston) | High | 3 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
