518 E. Cypress Street, Houston, Texas 76656
This Property is Off-Market
2 Beds
1 Full Bath
Multi-Family
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About 518 E. Cypress Street
Located approximately 30 minutes from both Waco and Temple, this 12-unit multifamily property at 518 Cypress Rd in Lott, TX offers a solid opportunity for buyers seeking a value-add investment in Central Texas. The property consists of three residential buildings, each featuring four 2 bedroom 1 bathroom units of approximately 875 sq. ft. each, as well as a separate building that includes an on-site laundry facility and office space. Several units are currently occupied, while others may require updates or repairs, presenting an opportunity for repositioning over time. The location provides convenient access to major highways and nearby employment centers, which helps support ongoing rental demand. Prospective buyers are encouraged to independently verify all financials, occupancy, and condition of the property.
Highlights
518 E. Cypress Street
$600,000
Multi-Family
10,044 Home Sq Ft
Houston 76656
2 Beds
1 Full Bath
56,192 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
40435
Tax Rate
2.2738%
Taxes w/o Exemption/Yr
$7,568 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Heating
Electric
Cooling
Electric
Dishwasher
No
Range
No
Disposal
No
Microwave
No
Loft
No
Exterior Features
Roof
Wood
Private Pool
No
Area Pool
Maybe
Lot Description
Cleared
New Construction
No
Listing Firm
Top Guns Realty on Lake Conroe
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Lott Elem | Elementary | None of 10 |
| Rosebud-Lott Middle | Middle | None of 10 |
| Rosebud-Lott High | High | None 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.
