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8 Unit Multi Family - 100% Occupied 2432 Little York Rd #8 rd

8 Unit Block of Flats £552,300 (£69,037/Unit) 9.16% Net Initial Yield Houston, TX 77091

Investment Highlights

  • 100% occupied
  • All electric is up to code with city of Houston
  • Recently remodeled units

Executive Summary

!!9.16% CAP!! Fantastic INVESTMENT OPPORTUNITY to own a 100% OCCUPIED 1 bed/1 bath 8 unit multifamily. Each unit measures approximately 600 SF. Two units have recently been remodeled 100%. All electric is up to code with City of Houston. Master meters for all utilities. Roof is approximately 10 years old. This multifamily is on 18,449 SF gated paved lot with great security lighting. Contact us today for additional details.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £73,850 £16.78
Other Income - -
Vacancy Loss - -
Effective Gross Income £73,850 £16.78
Taxes £7,268 £1.65
Operating Expenses £15,983 £3.63
Total Expenses £23,251 £5.28
Net Operating Income £50,599 £11.50

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £73,850
Annual Per SF £16.78
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £73,850
Annual Per SF £16.78
Taxes
Annual £7,268
Annual Per SF £1.65
Operating Expenses
Annual £15,983
Annual Per SF £3.63
Total Expenses
Annual £23,251
Annual Per SF £5.28
Net Operating Income
Annual £50,599
Annual Per SF £11.50

Property Facts Under Contract

Price £552,300
Price Per Unit £69,037
Sale Type Investment
Net Initial Yield 9.16%
No. Units 8
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Lot Size 0.42 AC
Building Size 4,400 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1958

Unit Amenities

  • Ceiling Fans
  • Wooden Floors
  • Carpet

Site Amenities

  • Gated

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 8 £781.11 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0162680010014
Land Assessment
£145,563
Improvements Assessment
£185,088
Total Assessment
£330,651
Annual Taxes
£7,268 (£1.65/sf)
Tax Year
2023
  • Listing ID: 32323223

  • Date on Market: 02/07/2024

  • Last Updated:

  • Address: 2432 Little York Rd #8 rd, Houston, TX 77091

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