6802 Wayside

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

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $550,000

Property Type
Multifamily
Square Feet
3,328 SF

Listing Contacts

Carlos Garcia II
Carlos Garcia II
Verified Profile
  • Property Info

Property Overview

Right on the corner of Wayside Dr. and Avenue F, this is a real income producing opportunity. It has seven rental units total. Five of the units are apartments, one is a barber shop and the other is a retail space. It generates a total of over $89,700.00 in income annually, with expenses of approximately $18,500.00 annually. The owner pays all utilities, except for the barber shop. The five living units are all one bedroom, and one has no kitchen. There is some deferred maintenance but this is a prime location.

Property Details

Year Built
1940
Stories
2
Lot Size (sq. ft)
4,792 SF
Units
7

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