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> Two duplexes located close to Downtown and Houston's 5th Ward Cultural Arts District! < Up and coming area on a large 10,000 SF lot that fronts on 2 streets; Market Street and Vernon Street in 77020. Anchored by many recent public improvements; Bike lanes along Lyons Avenue, revitalized and historic DeLUXE Theater, Mickey Leland College Preparatory Academy and more.. Property features two duplexes, each unit is 2 bedrooms, total of four 2-bedroom units, 100% occupied, rents; $860, $750, $750, $750, total gross rent; $3,110 / month, tenants pay for their own electricity, owner pays for water only. Large lot 10,000 SF, dimensions 100 x 100, lot fronts on Market st and Vernon St to the South, ideal lot for residential development. Buy now and hold this income producing property with an estimated cap rate of 9%. Do not disturb the tenants, appointment required to walk the property.
*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.