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Fully Renovated Tri-Plex at 307 South 79th Street

Fully Renovated Tri-Plex at 307 South 79th Street
FOR SALE
View more

$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.

Contact the Listing Team

Nicholas Cortinas

Nicholas Cortinas

Executive Director

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Nicholas Cortinas

Nicholas Cortinas

Executive Director

Call