Excellent value-add investment opportunity in a developing pocket of Northeast Houston. This 15-unit property features 10 studio apartments along with 1-bedroom and 2-bedroom layouts, situated on an expansive 19,274 square foot lot. The property is fully occupied on stable short-term and month-to-month leases, providing immediate cash flow on day one. Strong upside potential through targeted renovations to align with rising neighborhood rents, or full redevelopment leveraging the large lot footprint. New construction is active in the immediate surrounding area. Tenant occupied-please do not disturb occupants.
| MLS # | 73391844 |
|---|---|
| Listing Type | For Lease |
| Status | Active |
| Year | 1960 |
| Days On Site | 12 |
| Listing Provided By | SES Real Estate Group | Eduardo Pena |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 8,490 |
| Story(s) | 2 |
| Units | 3 |
| Acreage | 0.44 |
| Property | 12343 |
|---|
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77078 |
| Area | 2 |
| Subarea | Northeast Houston |
| Community Name | Smiley Place Sec 01 |
| School District | 27 - Houston |
| Elementary School | Hilliard Elementary School |
| High School | 27 - Houston |
| Listing VS Median (in Smiley Place Sec 01) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 8,490 low | high Med: 8,490 $ / sqft: $141 low | high Med: $141 On site: 12 low | high Med: 12 | |
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77078 |
| Area | 2 |
| Subarea | Northeast Houston |
| Community Name | Smiley Place Sec 01 |
| School District | 27 - Houston |
| Elementary School | Hilliard Elementary School |
| High School | 27 - Houston |
| Listing VS Median (in Smiley Place Sec 01) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 8,490 low | high Med: 8,490 $ / sqft: $141 low | high Med: $141 On site: 12 low | high Med: 12 | |