This property is:
Located in the Heart of the Montrose Section of Houston, TX;
100% Occupied with a waiting list;
Has an approved City of Houston Occupancy Permit;
A 7.6% Cap Rate after expenses of $14,400 for taxes & insurance;
Pays a 3% Commission to buying and selling Rep;
Built upon a 6,000 sq ft Lot/4,100 sq ft bldg;
A 9-unit complex with 2 1-BR Units and 7 Efficiencies,
Rent is $5,827/Mo;
Available for $725,000.