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6802 Avenue F 7 Unit Apartment Building Offered at $550,000 at a 12.95% Cap Rate Houston, TX 77011

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INVESTMENT HIGHLIGHTS

This offering consists of a 7-unit rental opportunity: five apartment units, one retail local barber shop, and one other commercial retail building.
This multi-stream-income opportunity annually generates $89,700 and costs $18,500.
The owner pays all utilities except for the barbershop.

The Magnolia Park neighborhood of Houston is a close-knit community with a rich local history.
New roofs have recently been installed on each of the three buildings.

EXECUTIVE SUMMARY

Located prominently at the corner of Wayside Drive and Avenue F, this income-generating property offers investors a unique opportunity to manage a total of seven rental units on a single parcel. The asset includes five one-bedroom, one-bath residential units—four of which feature full kitchens—along with a barber shop and a general commercial retail space. The property benefits from excellent visibility, convenient access, and a combination of limited onsite and street parking, making it an attractive option for both tenants and commercial users.

View 6802 Avenue F Floor Plan

PROPERTY FACTS Under Contract

Price	$550,000	Building Class	B
Price Per Unit	$78,571	Lot Size	0.11 AC
Sale Type	Investment	Building Size	3,328 SF
Cap Rate	12.95%	Average Occupancy	100%
No. Units	7	No. Stories	2
Property Type	Multifamily	Year Built	1940
Apartment Style	Low-Rise	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.

Price	$550,000
Price Per Unit	$78,571
Sale Type	Investment
Cap Rate	12.95%
No. Units	7
Property Type	Multifamily
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.11 AC
Building Size	3,328 SF
Average Occupancy	100%
No. Stories	2
Year Built	1940
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.