4 Plex in Eado (East of Downtown Houston) sold at 10% Cap Rate $295K obo

• 4 Plex in Eado for sale sold for land value only $300K
• 100% Tenant Occupied please do not disturb tenants
• Property located very close to Downtown Houston
• Area is extremely revitalizing
• Rents are very low, but tenants in place for many years
• Bring all offers!  Looking for cash/quick close

 

 

Wholesale Deal: 4bed/2.5 Bath valued at $230K for quick cash sale $165K – No repairs required

Wholesale property for sale in Houston Suburb near “The Woodlands”.  Home is in great shape and tenant occupied please DO-NOT-DISTURB tenants.  They are month to month but been there for 10+ Years and would love to stay, but that is up to the new owners.

Address: 5506 Woodville Ln, Spring 77379-7951, Harris County (google map)

Video Tour of Property: https://drive.google.com/file/d/1Z5eycuYTCFpUKlg0f3CCleIJGmDbQ7Bm/view

Photos of Property: https://photos.app.goo.gl/oiuDY9Ng89Tx7Hzn7

FEATURES

• NEVER Flooded
• Worth $230,000 to $280,000  (View Comparable Market Analysis)
• Needs little or no repairs
• Granite Counters
• Wood Floors
• Currently rented out for $1500 a month (average for this area is $1750)
  • Tenants been living in the home for 10+ Years and would love to stay
  • Lease is on month to month if you need them to vacate

 

Zillow Values Homes at $224,000 and Rent Average is $1750 per month

 

Tax Rate:

Tax Year	Total Tax	Change ($)	Change (%)
2015	$5,490
2016	$5,505	$15	0.27%
2017	$5,502	-$3	-0.05%

Characteristics

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Land Use – CoreLogic:	SFR	Half Baths:	1
Land Use – County:	Res Imprvd Table Val	Fireplace:	Y
Land Use – State:	Resid Single Family	Fireplaces:	1
Lot Acres:	0.2176	Elec Svs Type:	Y
Lot Sq Ft:	9,480	Cooling Type:	Central
# of Buildings:	1	Heat Type:	Central
Building Type:	Single Family	Porch:	Open Frame Porch
Bldg Class:	R	Porch Sq Ft:	100
Building Sq Ft:	2,624	Patio Type:	Concrete/Masonry Patio
Gross Sq Ft:	2,624	Patio/Deck 1 Area:	117
Above Gnd Sq Ft:	2,624	Patio/Deck 2 Area:	65
Ground Floor Sq Ft:	1,686	Parking Type:	Detached Frame/Concrete Block
2nd Floor Sq Ft:	872	No. Parking Spaces:	MLS: 2
Stories:	2	Garage Type:	Detached Garage
Condition:	Average	Garage Capacity:	Tax: 1 MLS: 2
Quality:	Good	Garage Sq Ft:	484
Total Rooms:	7	Foundation:	Slab
Bedrooms:	4	Exterior:	Frame Concrete Block/Brick
Total Baths:	Tax: 3 MLS: 2.1	Year Built:	1982
MLS Total Baths:	2.1	Effective Year Built:	1982
Full Baths:	2

New Hardy Plank and Paint

Needs only a power wash and landscaping

Eado Pre-Listing 3bed 2.5bath + Front Extra Parking + Yard!

Address: 2110 Winbern Houston, TX 77004
List Price: $364,750
Market Analysis (True Value): 420K+ (view C.M.A. “comparable market analysis”), these are homes that sold nearby that have similar livable square footage, similar lot size, and similar condition.

Builder: Alexan builders
Market: Eado / Downtown
Status: Pre-Listing – Exclusive previewing before market

Bedrooms: 3 Large Spacious Bedrooms all bedroom on 2nd level
Bathrooms: 2.5 baths = 2 Full bathroom for bedrooms on 2nd level and one half bath for guest on 1st level
Livable Square Footage: 2450 sqft
Lot Size: 2500 sqft
Stories: 2 Story which is very rare in this area full of 3-4 stories.

Additional Features:

• Home Automation thru Apple (HomeKit)
• Hardwood Floors, Porcelain Tile in wet areas (baths, kitchen)
• 2 Extra Front Parking Spaces
• 2 Garage Spaces with Extra Storage
• Security cameras and system
• Porcelain tile
• Stone frontage
• Surround sound
• Stainless Steel Appliances

Shown only by appointment only please do not disturb occupants.  Call Allen at 832-305-7653 it may be sold BEFORE it ever goes on HAR / Listed.

Energy Efficient Features:

Attic Vents, Ceiling Fans, Digital Program Thermostat, Energy Star Appliances, Energy Star/CFL/LED Lights, High-Efficiency HVAC, HVAC>13 SEER, Insulated Doors, Insulated/Low-E windows, Insulation – Batt, Insulation – Blown Cellulose, North/South Exposure