3224 MCGOWEN STREET, HOUSTON, TX 77004
Homes for sale in Houston.
Homes for sale in 77004.
List Price$730,000
3224 Mcgowen Street
Houston, TX 77004
Listing #74938557
1
Bedrooms
1 full
Bathrooms
3,080
Square Feet
6
Number of Units
Multi-Unit Residential
Type
About This Property
INCOME PRODUCING WHILE YOU BUILD ?? Collecting cashflow in the front while you build 2 townhouses in the back with 5000 sf lot. Rare multi-family opportunity featuring three well-maintained duplexes (6 units total) in Houston's highly desirable University Area. Each unit offers a 1-bedroom, 1-bath layout, perfectly suited for strong rental demand in this central location.Five units are currently tenant-occupied with one unit available for lease--providing immediate cash flow while you build long-term value and equity. Ideally located near Downtown Houston, University of Houston, Texas Southern University, and the Texas Medical Center, this property consistently attracts students, medical professionals, and VA. Easy access to I-69, I-45, and Hwy 288 makes getting around effortless. Low tax rate and high rental demand make this a solid investment opportunity. Drive-by only for occupied units. Please do not disturb tenants.
Property Features
Location Information
County
Harris
Longitude
-95.354088
MLS Area
University Area
Subdivision
Wilson Wm A
Latitude
29.734287
Directions
Head east on Bellaire Blvd toward the West Loop, merge onto I-610 S, and continue toward I-69 N/US-59 N. Take the exit toward McGowen St/Tuam Ave, turn right onto McGowen St, and continue straight for approximately 1.5 miles. Your new investment will be on the left!
Interior Features
Interior
Ceiling Fan(s)
Total Number of Units
6
Exterior Features
Stories
1
Lot Size in Acres
0
Is New Construction
No
Lot Size in Sq. Ft.
10,000
Construction
Wood Siding
Is One Story
Yes
Lot Description
Near Public Transit, Subdivision
School
School District
Houston
Middle School
CULLEN MIDDLE SCHOOL (HOUSTON)
Elementary School
BLACKSHEAR ELEMENTARY SCHOOL (HOUSTON)
High School
YATES HIGH SCHOOL
Additional Information
Finance Available
Cash, Conventional, Investor Financing
Year Built
1938
Property Type
RI
Status
Active
Property SubType
Duplex
Similar Listings
Mortgage Calculator
$3,408
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,630
Monthly Tax
$608
Monthly Insurance
$170
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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