NOT LISTED FOR SALE
1 Bed
1 Bath
6,826 Sq Ft
0.3 Acres

Last Sold January 13, 2023

58 Days on Market

Highlights

  • Window Unit Cooling System
  • 1-Story Property
  • Laundry Facilities
  • Tile Flooring
  • Ceiling Fan
  • Energy-Efficient Windows with Low Emissivity

About This Home

As of January 2023

10-unit apartment complex located just outside of North 610 loop. A classic garen style apartment with all one bedroom one bath units, individually metered electric, coin-operated washer/dryer for income, dumpster (owner paid), with 18 parking spots. The roof and new double pane windows were replaced in 2017. Ideal for buyers looking to buy and hold or light value add renovations to increase NOI via strategies such as adding dishwashers, mini-splits & cosmetic upgrades. Inquire today for rent roll and a tour, but most importantly so you don't miss your chance to own the "value add" apartment complex your favorite guru has been inspiring you to buy.

Last Listed By

Loren Miner

Eastwood Realty License #0688074 Listed on: 10/13/2022

Eastwood Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,472

Year Built

  • Built in 1964

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 60x217

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,826 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Tile Flooring
  • Laminate Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Paved Parking

Eco-Friendly Details

  • Energy-Efficient Windows with Low Emissivity
  • Ventilation

Schools

  • Burbank Elementary School
  • Burbank Middle School
  • Sam Houston Math Science And Technology Center High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Cable TV Available

Community Details

Overview

  • 10 Units
  • Farrell Gardens Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $38,935
  • Gross Income $98,400
  • Net Operating Income $60,664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,472

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Directions: Head North on airline Drive, then west on to Farrell St
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Year Built: 1964
  • Lot Size: 60x217
  • Co List Office Mls Id: ETWD01
  • Co List Office Phone: 713-714-3088
  • Subdivision Name: Farrell Gardens
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Windows
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Interior Amenities: Laminate Counters, Ceiling Fan(s)
  • Living Area: 6826.0
  • Window Features: Low-Emissivity Windows, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Other, Seller Disclosure
  • Roof: Composition
  • Lot Features: Other
  • Construction Type: Brick, Wood Siding

Garage/Parking

  • Parking Features: Paved

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Laundry Features: Common Area
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes

Schools

  • Elementary School: BURBANK ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: SAM HOUSTON MATH SCIENCE AND TECHNOLOGY CENTER
  • Middle Or Junior School: BURBANK MIDDLE SCHOOL

Green Features

  • Green Indoor Air Qlty: Ventilation

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 18472.0

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 98400.0
  • Property Net Operating Income: 60664.0
  • Annual Operating Expense: 38935.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold -- -- --
12/11/2022 12/11/22 Pending -- -- --
11/22/2022 11/22/22 Rented $850 0.0% --
10/13/2022 10/13/22 For Sale $799,777 0.0% $117 / Sq Ft
10/05/2022 10/05/22 For Rent $850 -- --
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 15468074

Houston Association of REALTORS®