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1430 Miles St
1430 Miles St, Houston, TX 77015
Last Verified 1/30/2010
Listing ID 15777605
Highlights
$6,600/ month residual income- 4 vacant lots for additional rental income
- 13 Income Producing Properties
Description
Mulit-unit Income Property 98%-100% solid occupancy for past 2.5yrs.(records)!2.2 acres tract of land platted & recorded has 10 homes. 3 are duplexes, 3 are two stories total 13 newly renovated income producing properties w/average income$6,600/mo.(records). In addition, there are 4 empty lots @-5000s.f./ea. that can take 4 more rental units @$600/mo.ea.min. The Taxes are aprox.$6,000/yr. total for all properties. Don't miss this opportunity to earn a steady residual income at a 12+ cap rate. We have more renters leaving deposits than units to rent(records) and we will sell individual lots or the whole thing. Homes in the area sell for a min. of $68,000(comparable to our small homes). Our larger homes are 2,400 s.f two stories & they get $125,000+!(copy of plat in pdf format will be available per request)
On the East side of town close to I-10 and 526. Convenient access to I-10 and centered between Beltway 8 and 610.
Map of 1430 Miles St, Houston, TX 77015 (Harris County)
Created 6/26/2008
Additional Information for 1430 Miles Street, Houston, TX 77015
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO