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Central Park Magnolia Par
100% OCCUPIED! Two neighboring residential 4-plex properties being sold together for a total of 8 units! minutes from East Downtown in the rapidly growing East End Revitalized area. Updated units, new roof Jan. 2024, exterior paint, and recently replaced balcony decking. City inspection recently completed and passed. Current rents are 1 @ $775, 1 @ $700, and 6 @ $750 with the potential for increase. Current cap rate at 5.9%. Owner pays for water only. Low maintenance and easy to manage. This turn-key multi-family opportunity with a strong rental history is one you wont want to miss! Please do not disturb tenants TRS 1A & 2A, 1B & 2B, BLK 76 CENTRAL PARK TO MAGNOLIA PARK
Directions: From I45, turn North on to Wayside, West on Canal, and North on 66th
HARRIS County.
Courtesy: The Sold Company
MLS # 33224272
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