Fully Renovated Tri-Plex at 307 South 79th Street
$450,000
307 South 79th Street, HOUSTON, TX 77012
2,016 SF
Square Feet
$223
PPSF
Property Description
Fully renovated Tri-Plex with approximately ±5,000 SF of vacant additional land to build on, offering both income & future upside. Per Seller, all renovations completed +/-2024 were permitted through the City of Houston, with approximately +/-$100,000 invested in improvements, including but not limited to: roof & decking, electrical wiring breakers & panels, plumbing, exterior cement board, foundation work, doors, flooring, sheet-rock, fixtures, full bathroom and kitchen updates, water heater, and interior/exterior paint. Property Access & Showing Instructions: Tours will be scheduled only upon Seller’s approval of a submitted purchase offering. DO NOT walk the property; contact the leasing office, or approach tenants under any circumstances. All questions must be submitted via email.
Seller financing (subject to Seller approval): credit report required; min. 10% down; 20-yr amort.; 10% interest; no prepay penalty. Buyers must provide proof of funds & ability to close prior to engagement. Tours scheduled only after Seller approves a submitted purchase offer. DO NOT walk property, or contact leasing, or disturb tenants.
Investment highlights
+/-$100k in redeveloping this asset. (e.g. roof/decking, E-wire/breakers, plumbing, exterior cement board, foundation, doors, flooring, sheet-rock, fixtures, bathrooms, kitchens, water heater, paint in/out)
Property Details
Asset Type
MultiFamily
Year Built
1930
Lot Size
7,500 SF
Neighborhood
HOUSTON
Submarket
Houston
ZIP
77012
Listing Type
sale
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$25,599
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$2,133
Annual Debt Service
$25,599
View on Map
Address
307 South 79th Street
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Houston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.