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2705 Lorraine St
Houston, TX 77026
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Implement RUBs: Currently, all utilities are paid by the owner. Introducing a RUBS would shift utility costs to tenants, improving net operating incom
- Exterior Enhancement: Opportunity exists for exterior improvements to further boost curb appeal and tenant retention.?
- Increase Rents to Market: Opportunity to increase rents to $950, and apply for section 8, to increase further. ?
Property Facts
| No. Units | 16 | Building Size | 8,500 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 0.11 AC | ||
| Zoning | None | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | None |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Gas Range
- Trash Pickup - Curbside
Property Taxes
| Parcel Number | 0331700000018 | Improvements Assessment | $600,023 |
| Land Assessment | $140,000 | Total Assessment | $740,023 |
Property Taxes
Parcel Number
0331700000018
Land Assessment
$140,000
Improvements Assessment
$600,023
Total Assessment
$740,023
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