Multi-family Investment in Houston. Cashflows over 46%!!! Only $159 900.00.

Excellent cash-flow investment opportunity in Houston, TX. Here are the highlights:

- Cash-on-cash return is just over 46% (see 15-page Investment Analysis) [price reduced to $169 750 $159 900]

- 5 one-bedroom units, all brick, parking for 10 cars

- on-site rent collector & bank depositor (lady in end unit even has “office” sign on door, see photo)

- Roof recently replaced.

- View rental comps here.

This multi-family investment property is located in Bacliff, close to Kemah and not too far from Houston, Texas. Rent is $500.00 per unit, $2500.00 in total per month.

Owner has utilities in his name & charges tenants an additional $120.00 p/mth which would mean rent is then $620.00 per month but that then includes utilities. Why does he do this? Well, his tenants usually don’t have the best credit around… that means, when it comes to setting up a new account with the gas or electric company, they are charged huge deposits + connection fees. They just can’t afford it.

So, the owner simply manages that for them, charges them for it and makes it that much easier to lease out the properties when they go empty.

Call Lance @ 832-483 8655 for more information or to make an offer.