2501 Delano St
Houston, TX 77004
Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Lot Size | 0.23 AC |
| Property Type | Multifamily | Building Size | 9,984 SF |
| Property Subtype | Apartment | Average Occupancy | 87% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1950 |
| Zoning | n/a | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 9,984 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | n/a |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
About 2501 DELANO ST , HOUSTON, TX 77004
Location with new construction in the area. Sale includes 4 buildings with total 16 units fully renovated. the owner completely renovated and repaired entire property through their 2 and half years ownership. List of improvement is uploaded on doc together with survey and brief financial statement. Owner/self managed . Only rent roll for 2016 and 2017 are available if buyer proven serious. Drive by only, please do not disturb tenant. Reason for selling: The owner is working on other business. These units are very easy to lease, currently rent is $ 725 per unit compare to actual market in the area price is 950/month, waiting for new owner/manager to implement better numbers. Cap rate would be increase over 15%. Landlord pay for water and common light.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $725.00 | 624 |
Property Taxes
| Parcel Number | 0190430000009 | Improvements Assessment | $984,775 |
| Land Assessment | $123,865 | Total Assessment | $1,108,640 |
Property Taxes
