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Little Mexico
Two (2) Manufactured Homes for sale. Unit 1 is a 3/2 with 1216 sq ft. - Rents for $1,200 per month. - Unit 2 is a 2/1 with 700 sq ft. - Rents for $1,000 per month Tenant Occupied - Do not disturb tenants, enter gate or knock doors without an appointment. **Net Income Capitalization Method -- (NOI) $20,000 annually -- 10% Capitalization Rate -- $200,000**……**Gross Rent Mulitplier (GRM) Method -- At a GRM of 8: Value = $26,400 x 8 = $211,200** LT 12 BLK C LITTLE MEXICO
Directions: I-10 E Freeway Service Road - Turn South on Wade Rd - Turn West Morales Rd - Turn South on Juarez Street
HARRIS County.
Courtesy: US Realty Associates
MLS # 10213381
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