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12606 Ashford Meadow Dr - Turnkey 4Plex for Sale 4 Unit Apartment Building Offered at $385,000 at a 9.12% Cap Rate Houston, TX 77082
Investment Highlights
- Sectoin 8 Tenants. Longterm
- High Cashflow Turnkey Property
- 1-4 Single Family Loans For Investors
Executive Summary
?? 4-Plex Investment Highlights
Total Building Size: 3,927 sq ft
Unit Mix: 4 Units — Each 2 Bed / 2 Bath (Total: 8 Beds / 8 Baths)
Full Potential Rent 4 units: $6000/month (Current rent $5725/month)
Occupancy: 100% — 4 units fully occupied with long-term tenants renewing yearly.
?? Income & Rent Stability
3 of 4 units on Section 8 Housing:
Rent paid promptly on the 1st of each month
Annual inspections conducted by Housing Authority
Unit C has rent increase potential through Section 8 — paperwork needs to be completed
2 units fully renovated (Unit B in the front and Unit D on the back)
2 unrenovated units offer upside — potential to increase rent with improvements
Total Building Size: 3,927 sq ft
Unit Mix: 4 Units — Each 2 Bed / 2 Bath (Total: 8 Beds / 8 Baths)
Full Potential Rent 4 units: $6000/month (Current rent $5725/month)
Occupancy: 100% — 4 units fully occupied with long-term tenants renewing yearly.
?? Income & Rent Stability
3 of 4 units on Section 8 Housing:
Rent paid promptly on the 1st of each month
Annual inspections conducted by Housing Authority
Unit C has rent increase potential through Section 8 — paperwork needs to be completed
2 units fully renovated (Unit B in the front and Unit D on the back)
2 unrenovated units offer upside — potential to increase rent with improvements
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,500
|
$17.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,500
|
$17.46
|
| Taxes |
$8,300
|
$2.12
|
| Operating Expenses |
$28,500
|
$7.26
|
| Total Expenses |
$36,800
|
$9.38
|
| Net Operating Income |
$31,700
|
$8.08
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $68,500 |
| Annual Per SF | $17.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,500 |
| Annual Per SF | $17.46 |
| Taxes | |
|---|---|
| Annual | $8,300 |
| Annual Per SF | $2.12 |
| Operating Expenses | |
|---|---|
| Annual | $28,500 |
| Annual Per SF | $7.26 |
| Total Expenses | |
|---|---|
| Annual | $36,800 |
| Annual Per SF | $9.38 |
| Net Operating Income | |
|---|---|
| Annual | $31,700 |
| Annual Per SF | $8.08 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Carpet
- Dining Room
- Family Room
- Pantry
- Patio
- Porch
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,492 | 981 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1149550000047 | Total Assessment | $368,489 (2025) |
| Land Assessment | $85,852 (2025) | Annual Taxes | $8,300 ($2.12/SF) |
| Improvements Assessment | $282,637 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1149550000047
Land Assessment
$85,852 (2025)
Improvements Assessment
$282,637 (2025)
Total Assessment
$368,489 (2025)
Annual Taxes
$8,300 ($2.12/SF)
Tax Year
2026
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TRINITYPARKER LLC
12606 Ashford Meadow Dr - Turnkey 4Plex for Sale
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