6403 AVENUE C, HOUSTON, TX 77011
Asking: $175k (Reduced)
3 Units are (2 beds and 1 bath) & 1 Unit is (1 bed and 1 bath)
Property Income:
The Bottom unit, the seller pays for utilities.
The upstairs tenants pay for utilities
Seller pays $1,800 a year for utilities.
Tax: $2,500 a year
Current rent:
The three units (2 beds 1 bath) rents for $550 per unit.
The one unit (1 bed 1 bath) rents for $450.
Rent is month to month
Total Expenses: $4,300 a year
Gross Income: $28,800 a year
Net Operating Income: $24,500
Cap Rate: 14%
7 Beds | 4 Baths
Bldg SF: 1,700
Lot SF: 2,063
Year Built: 1945