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Ridgewood Duplex 1518 Ridgewood St 2 Unit Apartment Building $800,000 ($400,000/Unit) 5.45% Cap Rate Houston, TX 77006
EXECUTIVE SUMMARY
Recently updated duplex in the prestigious Montrose area
Property description
2 bedrooms / 1 bathroom each
Kitchen has been updated w/ granite countertops and stainless appliances
Bedrooms are spacious w/ hardwood floors throughout
Bathrooms are renovated w/ a chic touch
Large backyard w/ a covered patio deck
Minutes to River Oak district and across the street from Luna's park which has a trail, tennis courts and a baseball field
Tenants have recently signed 2 year leases
Email layla@davancapital.com for any additional details.
Property description
2 bedrooms / 1 bathroom each
Kitchen has been updated w/ granite countertops and stainless appliances
Bedrooms are spacious w/ hardwood floors throughout
Bathrooms are renovated w/ a chic touch
Large backyard w/ a covered patio deck
Minutes to River Oak district and across the street from Luna's park which has a trail, tennis courts and a baseball field
Tenants have recently signed 2 year leases
Email layla@davancapital.com for any additional details.
PROPERTY FACTS
| Price | $800,000 | Apartment Style | Garden |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.45% | Building Size | 2,525 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1935/2024 |
| Price | $800,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,525 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2024 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,262 - 1,263 |
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Walk Score®
Very Walkable (89)
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Davan Capital
Ridgewood Duplex | 1518 Ridgewood St
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