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6614-6622 London St
Houston, TX 77021
Multifamily Property For Sale
·
12 Units
Executive Summary
The property consists of 3 buildings 6614, 6618 and 6622 London Street. This property features 12 units, all 2 bedrooms and 1 bathroom, providing excellent marketability. 100% OCCUPIED AND FULLY LEASED. Ample off-street parking for each tenant as well as guest parking. The property thrives due to its proximity to U of H, the Medical Center, Professional Sports teams, and easy access to 288 Fwy. This is truly a turnkey opportunity. Its proximity to major downtown employers attracts young professionals, ensuring a steady demand for rental units. The property is located in an opportunity zone, providing potential tax benefits for investors. The property is ideally located near U of H, TSU, the Medical Center, Downtown Houston, Midtown, Montrose, and more, making it highly desirable for tenants. House hack or invest with ease – this is a TURNKEY property! For details on income please request for reports. DRIVE BY ONLY... DO NOT DISTURB TENANTS
Property Facts
| Price Per Unit | $104,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 10.24% | Building Size | 9,000 SF |
| No. Units | 12 | Average Occupancy | 10% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2025 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | None | ||
| Price Per Unit | $104,167 |
| Sale Type | Investment |
| Cap Rate | 10.24% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 10% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2025 |
| Opportunity Zone |
Yes |
| Zoning | None |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 950 |
Property Taxes
| Parcel Number | 0572730010020 | Improvements Assessment | $131,662 |
| Land Assessment | $90,000 | Total Assessment | $221,662 |
Property Taxes
Parcel Number
0572730010020
Land Assessment
$90,000
Improvements Assessment
$131,662
Total Assessment
$221,662
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