8430 ROUND ROCK DRIVE #8, HOUSTON, TX 77049

Homes for sale in Houston.

Homes for sale in 77049.


Active

List Price$875,000

8430 Round Rock Drive #8

Houston, TX 77049

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #63243731

6,800

Square Feet

8

Number of Units

Multi-Unit Residential

Type

About This Property

100% occupied income-producing 8-unit multifamily for a serious, qualified buyer. Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors. Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered. Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions. Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details. Lowball offers, creative financing, and "Subject To" offers will not receive a response. Serious buyers only.

Property Features

Location Information

County

Harris

Longitude

-95.175934

MLS Area

North Channel

Subdivision

Reservoir Acres

Latitude

29.846371

Directions

8430 Round Rock Dr 2

Interior Features

Interior

Ceiling Fan(s), Programmable Thermostat

Total Number of Units

8

Fireplace Description

Private Entrance

Exterior Features

Stories

1

Lot Description

Other, Near Public Transit

Is New Construction

No

Lot Size in Acres

0

Construction

Vinyl Siding, Wood Siding

Lot Size in Sq. Ft.

40,000

Exterior

Private Entrance

Is One Story

Yes

School

School District

Sheldon

Middle School

C.E. KING MIDDLE SCHOOL

Elementary School

SHELDON LAKEE ELEMENTARY SCHOOL

High School

CE KING HIGH SCHOOL

Additional Information

Finance Available

Cash, Conventional, Investor Financing

Year Built

1957

Property Type

RI

Status

Active

Property SubType

Multi Family

Similar Listings

Mortgage Calculator

$4,086

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$3,153

Monthly Tax

$729

Monthly Insurance

$204

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

Real Estate IDX Powered by iHomefinder