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6518 Weston St Houston, Tx 77021 6514-6518 Weston St 12 Unit Apartment Building $950,000 ($79,167/Unit) 5.69% Cap Rate Houston, TX 77021

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INVESTMENT HIGHLIGHTS

Gated Community, 10 Minutes to Medical Center
Granite Countertops, New bathtubs & Toilets
Ceiling Fans

Close to Downtown, Renovations
Vinyl Plank Flooring, New Bathroom Vanities
Investment Opportunity

EXECUTIVE SUMMARY

!WONDERFUL INVESTMENT OPPORTUNITY! Gated 12 unit multi family includes 10- 1bed/1bath and 2- efficiency units located just 10 minutes from Houston Medical Center and 5 miles from Downtown Houston! Renovations include new interior paint, new kitchen granite counter tops, vinyl plank flooring throughout, new bathtubs & toilets, new bathroom vanities, ceiling fans. Schedule your showing today!

6518 Weston financials

Rent roll

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$107,027	$16.40
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$107,027	$16.40
Taxes	$12,290	$1.88
Operating Expenses	$40,691	$6.23
Total Expenses	$52,981	$8.12
Net Operating Income	$54,046	$8.28

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$107,027
Annual Per SF	$16.40

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$107,027
Annual Per SF	$16.40

Taxes
Annual	$12,290
Annual Per SF	$1.88

Operating Expenses
Annual	$40,691
Annual Per SF	$6.23

Total Expenses
Annual	$52,981
Annual Per SF	$8.12

Net Operating Income
Annual	$54,046
Annual Per SF	$8.28

PROPERTY FACTS

Price	$950,000	Building Class	C
Price Per Unit	$79,167	Lot Size	0.23 AC
Sale Type	Investment	Building Size	6,528 SF
Cap Rate	5.69%	Average Occupancy	75%
Sale Condition	Build to Suit	No. Stories	2
No. Units	12	Year Built	1977
Property Type	Multifamily	Parking Ratio	1.5/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory	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.
Zoning	None

Price	$950,000
Price Per Unit	$79,167
Sale Type	Investment
Cap Rate	5.69%
Sale Condition	Build to Suit
No. Units	12
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Building Class	C
Lot Size	0.23 AC
Building Size	6,528 SF
Average Occupancy	75%
No. Stories	2
Year Built	1977
Parking Ratio	1.5/1,000 SF
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.
Zoning	None

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	12	-	-

1 1

PROPERTY TAXES

Parcel Number	0540340000012	Total Assessment	$590,252 (2025)
Land Assessment	$180,000 (2025)	Annual Taxes	$12,290 ($1.88/SF)
Improvements Assessment	$410,252 (2025)	Tax Year	2024