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Upscale Real Estate Services

info@upscalerealestateservices.com +1(832) 786-9201

$775,000

Est. payment - /mo

1 Bed

1 Bath

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Central Park Magnolia Park

MLS Listing ID 24125422

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1946

Annual Tax Amount $8,545

Tax Year 2023

Property Sub-Type Multi Family

Property Description

Welcome to 801-803 66th St, a highly efficient, fully occupied 8-plex sitting directly in the path of progress in Houston's booming Greater East End footprint. Boasting an actual NOI of $57,741, this asset offers a low-risk position inside the Loop. The property features high-ticket capital expenditures already handled by the seller, including a recent roof, replaced water main lines, updated attic insulation. Operationally, the property is a dream value-add canvas. With room for cosmetic updates to increase equity and the building's overall net operating yield. Situated in the transitioning urban infill pocket of Magnolia Park, residents enjoy effortless access to the transit arteries of Downtown Houston, the thriving commercial corridors of EaDo, and the massive tenant bases of the University of Houston and the Port of Houston.

Location

State TX

County Harris

Area East End Revitalized

Interior

Heating Window Unit

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Carport

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

Elementary Schools Tijerina Elementary School

Middle Schools Edison Middle School

High Schools Austin High School (Houston)

School District 27 - Houston

Others

Tax ID 051-272-000-0001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Houston Realtors Information Service / HAR MLS

Listed by Coldwell Banker Ultimate Amanda Badawy

Nearby Locations

"At Upscale Real Estate Services, we are committed to guiding our clients in the Greater Houston area towards successful real estate investments and ownership. Our focus is on fostering generational wealth with personalized, expert advice. As a woman and minority broker-owned firm, we ensure each client achieves their real estate ambitions with confidence, striving to be their trusted advisors in building lasting legacies."

+1(832) 786-9201

info@upscalerealestateservices.com

10707 Corporate Dr, Stafford, TX, 77477, USA

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801-803 66th st ST Houston, TX 77011