8814 Manus Street #1-11
Houston, TX 77093
0.32 acres | #64684728
Description
Priced at 1% rental rule on existing rents (not projected!) Great income-producing 11-unit multifamily Deal. New Roof, New HVAC, updated interior. Upside includes: Pet fees, rent increase, laundromat onsite, and implementing RUBS on water since there is no separate water meter. Unit #5 is vacant and available for showings with Proof of Funds. Unit 5 is representative of the overall condition of other units. All tenants are on annual leases, with the average tenant in place for several years and intending to remain with new ownership.
Financial details are available in the MLS attachment. Monthly operating expenses for all eleven units include Approx. monthly expenses: $780 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no short-term rental restriction, and no deed restriction.
Option fee is $50 per day, with a max of 7 days. Low-ball offers will not receive a response. No creative deal or “Subject To”. Please send offers to Wale@NetworthBuilders.com
Property Details
- Property SubtypeMulti Family, Multiple Detached Dwellings
- Elementary SchoolBERRY ELEMENTARY SCHOOL (HOUSTON)
- Middle SchoolPatrick Henry Middle School
- High SchoolKASHMERE HIGH SCHOOL
- Utility FeaturesWater Connected
- Property TypeMulti-Family
- School District27 - Houston
- SubdivisionCurry Place
- MLS #64684728
- MLS #64684728
- Cost1185000
- Acres0.3214
- CountyHarris
- Taxes Annual$6,653
- Year Built1956
Location
Legal
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Last Updated: . Source: HARMLS
Provided By
Listing Agent: Adewale Lawal (#WaleL)
Listing Office: LPT Realty, LLC (#LPTT01)
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