3938 King St, Houston, TX 77026

$695,000
2
BD
1
BA
6,300
SqFt

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List Price
$695,000
Status
ACTIVE
MLS#
25929932
Price Change
▼ $15,000 1786677365
Days on Market
70
Year Built
1948
Bedrooms
2
Bathrooms
1
Full-baths
1
Living Area
6,300
Subdivision
Wilshire Place
Region
2
Market Area
Northside
County
Harris

Property Description

Investor's Dream! Turnkey Property with Immediate Cash Flow A rare opportunity to own a 7-unit multifamily property that is fully occupied, with each unit currently rented for $1,100 per month and significant potential for rent increases this summer. This low-maintenance, high-yield investment offers turnkey convenience and a prime location for continued growth. Property Highlights: A+ Rehab Completed in 2017: All units gutted down to the studs and renovated with quality finishes. Modern Upgrades: New double-pane low-E windows, updated sheetrock, flooring, and doors. Permitted by the City of Houston. Unit Details: Each 2-bedroom, 1-bath unit includes stainless/black appliances, granite countertops, refrigerator, dishwasher, microwave, garbage disposal, and stackable washer/dryer. Individual Utilities: Each unit is individually metered for electricity and water. Ample Land: Enough space to build 3 additional units, expanding income potential further.

Additional Information

Neighborhood
Northside
Heating
Central, Electric
Cooling
Central Air, Electric
Stories
1
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Roof
Composition
School District
Houston
Elementary School
Kashmere Gardens Elementary School
Middle School
Key Middle School
High School
Kashmere High School

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Calculator source: Real Geeks

Listing courtesy of Om Realty Group.