235 Westheimer Rd 3 Unit Block of Flats £1,205,294 (£401,765/Unit) 5.04% Net Initial Yield Houston, TX 77006

INVESTMENT HIGHLIGHTS

  • Location
  • Flexibility. Commercial or Residential
  • Gated Carport
  • Lots of natural light
  • Rooftop Deck
  • Private Fenced Yard

EXECUTIVE SUMMARY

1 out of 3 units is currently occupied.
2 units for lease.
Experience the pinnacle of Montrose living with this exceptional 3-unit investment property. Perfectly positioned in the heart of vibrant Avondale, this renovated gem presents a wealth of opportunities. Whether you're an investor seeking short or long-term rentals, a business owner looking for a unique space, or simply someone who appreciates the finest in urban living, this property is unmatched. Reside in one unit while generating income from the other unit(s), or turn it into a commercial space. Opportunities are endless. Enjoy an array of amenities including a rooftop deck with breathtaking downtown views, a private fenced yard, and a gated carport with ample additional parking. Experience the best of Montrose living – walk to renowned restaurants, explore trendy cafes, and immerse yourself in the vibrant local scene. This is an investment opportunity that truly shines.

PROPERTY FACTS

Price £1,205,294
Price Per Unit £401,765
Sale Type Investment
Net Initial Yield 5.04%
Gross Rent Multiplier 14.32
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 4,976 SF
Number of Floors 3
Year Built 1929
Parking Ratio 1.41/1,000 SF

AMENITIES

UNIT AMENITIES

  • Kitchen

SITE AMENITIES

  • Courtyard
  • Fenced Plot
  • Multi Use Room

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS Avg. Rent.Mo SF
1+1.5 2 £1,771 1,056 - 1,465
4+2.5 1 £3,694 2,455
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (74)
  • Listing ID: 35364068

  • Date on Market: 03/04/2025

  • Last Updated:

  • Address: 235 Westheimer Rd, Houston, TX 77006