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2417 McCarty St 6 Unit Apartment Building $750,000 ($125,000/Unit) 9.37% Cap Rate Houston, TX 77029
Investment Highlights
- Easy access to downtown, 610, Beltway 8
Executive Summary
This 10,000 square foot industrial property can be utilized to store heavy machinery, apartments with tenants already in place, etc., and it is directly on the corner of McCarty St. and Clinton Drive. This is also an Opportunity Zone area right near the Port of Houston/Houston Ship Channel, near downtown, Beltway 8 and 610 area. Lots of industrial activity with plenty of traffic going in and out of McCarty St and Clinton Dr. Seller requests payment in full at time of closing. FYI, the six apartments are fully rented at this time.
This money maker awaits your take over; the business is already there.
This money maker awaits your take over; the business is already there.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$76,200
|
$20.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,200
|
$20.75
|
| Taxes |
$4,900
|
$1.33
|
| Operating Expenses |
$4,000
|
$1.09
|
| Total Expenses |
$8,900
|
$2.42
|
| Net Operating Income |
$67,300
|
$18.33
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $76,200 |
| Annual Per SF | $20.75 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,200 |
| Annual Per SF | $20.75 |
| Taxes | |
|---|---|
| Annual | $4,900 |
| Annual Per SF | $1.33 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $1.09 |
| Total Expenses | |
|---|---|
| Annual | $8,900 |
| Annual Per SF | $2.42 |
| Net Operating Income | |
|---|---|
| Annual | $67,300 |
| Annual Per SF | $18.33 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Tub/Shower
- Dining Room
- Family Room
Site Amenities
- Fenced Lot
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,200 | 900 |
| 1+1 | 3 | $800.00 | 700 - 8,000 |
| 3+2 | 1 | $1,350 | 1,000 |
1 1
Property Taxes
| Parcel Number | 0292510790016 | Total Assessment | $324,972 (2025) |
| Land Assessment | $85,000 (2025) | Annual Taxes | $4,900 ($1.33/SF) |
| Improvements Assessment | $239,972 (2025) | Tax Year | 2024 Payable 2024 |
Property Taxes
Parcel Number
0292510790016
Land Assessment
$85,000 (2025)
Improvements Assessment
$239,972 (2025)
Total Assessment
$324,972 (2025)
Annual Taxes
$4,900 ($1.33/SF)
Tax Year
2024 Payable 2024
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2417 McCarty St
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