8430 ROUND ROCK DRIVE #8, HOUSTON, TX 77049
Homes for sale in Houston.
Homes for sale in 77049.
List Price$875,000
8430 Round Rock Drive #8
Houston, TX 77049
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