1026 Miles Street, Houston, Texas 77471

Positioned in the heart of the Fort Bend South & Richmond corridor, this eleven-unit multifamily asset offers an impressive eight point four eight percent capitalization rate & immediate cash flow stability. The property features a collection of eleven residences across two buildings, delivering a net operating income of seventy-seven thousand nine hundred eighty-eight dollars from a base of consistent occupancy. Substantial capital improvements elevate the value & longevity of this holding, including a full roof replacement completed in twenty twenty-three. Modern infrastructure upgrades enhance efficiency with new water heaters & durable PEX plumbing installations. Five of the eleven units have been meticulously remodeled to meet modern expectations, ensuring a competitive edge in the Rosenberg rental market. Each residence benefits from individual electricity meters, while public water services streamline management responsibilities. Future growth remains achievable through strategic rental adjustments & the possibility of introducing on-site laundry facilities to broaden revenue streams. Situated with convenient access to major employment hubs via Interstate sixty-nine, residents enjoy a straightforward commute to the Energy Corridor & the lifestyle amenities of Sugar Land. This asset represents a sophisticated addition to any portfolio seeking established performance paired with tangible upside potential in one of the fastest growing regions of the Houston metropolitan area.