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2512 Calumet St 7 Unit Apartment Building $1,650,000 ($235,714/Unit) Houston, TX 77004

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INVESTMENT HIGHLIGHTS

Vacancy Rate: Currently maintaining a low vacancy rate of just 10%.
Value-Add Opportunity: Potential to add two additional units, increasing revenue potential and profitability.
Turnkey Investment: No renovations or maintenance required—start earning and generating cash flow from day one.

Two Buildings: One building remodeled into three distinct units; the other newly constructed with four sleek, modern units.
Fully Furnished: The entire property is furnished with modern furniture, ready for immediate occupancy.

Calumet Offering Memorandum (1)-compressed (4)

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Price	$1,650,000	Building Class	B
Price Per Unit	$235,714	Lot Size	0.27 AC
Sale Type	Investment	Building Size	6,090 SF
Sale Condition	Business Value Included	Average Occupancy	90%
No. Units	7	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1935/2022
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Single-Family Home

Price	$1,650,000
Price Per Unit	$235,714
Sale Type	Investment
Sale Condition	Business Value Included
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Single-Family Home
Building Class	B
Lot Size	0.27 AC
Building Size	6,090 SF
Average Occupancy	90%
No. Stories	2
Year Built/Renovated	1935/2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT AMENITIES

Dishwasher
Washer/Dryer

Granite Countertops
Refrigerator

Range
Grill

Island Kitchen

SITE AMENITIES

Laundry Facilities

Furnished Units Available

Gas Range

ABOUT 2512 CALUMET ST , HOUSTON, TX 77004

This turnkey, owner-absentee multifamily property in Houston offers immediate cash flow and strong upside potential. Comprising two freestanding buildings with seven fully furnished units (three remodeled and four modern), it generated a 2024 NOI of $90,784 under professional management. Located minutes from Texas Medical Center, this property benefits from strong rental demand and comes fully equipped for seamless short-term or long-term rental operations. With the ability to add two additional units for an estimated $50,000 in extra annual income, this asset presents an exceptional investment opportunity.