911 MICHIGAN STREET #8, HOUSTON, TX 77587
Homes for sale in Houston.
Homes for sale in 77587.
List Price$895,000
911 Michigan Street #8
Houston, TX 77587
Listing #83270503
3
Bedrooms
2 full
Bathrooms
7,060
Square Feet
11
Number of Units
Multi-Unit Residential
Type
About This Property
Exceptional opportunity to acquire an extensively renovated 11-unit apartment community in the heart of South Houston. The current owner has already invested significant time and capital into major exterior renovations, roof improvements, and HVAC upgrades--allowing the next investor to step into a substantially improved, income-producing asset with limited immediate capital needs. The clearest remaining value-add opportunity is straightforward: increase current rents to market levels. The property offers stable occupancy, strong in-place income, relatively low operating expenses, dedicated parking, efficient utilities, and an attractive courtyard-style layout on a 0.33-acre corner lot. Conveniently located near Downtown Houston, Hobby Airport, SH-225, I-45, major employers, medical centers, and industrial corridors, 911 Michigan St benefits from consistent rental demand and long-term growth potential. The hard work is complete--this turnkey asset is ready for its next investor.
Property Features
Location Information
County
Harris
Longitude
-95.245531
MLS Area
South Houston
Subdivision
South Houston
Latitude
29.664245
Directions
From I-45 South, exit College Ave and head east. Turn right on Georgia St, then left onto Michigan St. Property will be on the right.
Interior Features
Total Number of Units
11
Exterior Features
Stories
2
Acre Range
0 Up To 1/4 Acre
Is New Construction
No
Lot Size in Acres
0
Construction
Brick, Stone
Lot Size in Sq. Ft.
14,200
Parking Description
Garage
Is One Story
No
Has Garage
Yes
School
School District
Pasadena
Middle School
SCHNEIDER MIDDLE SCHOOL
Elementary School
SOUTH HOUSTON ELEMENTARY SCHOOL
High School
SOUTH HOUSTON HIGH SCHOOL
Additional Information
Finance Available
Cash, Conventional, Owner May Carry
Year Built
1966
Property Type
RI
Status
Active
Property SubType
Multi Family
Similar Listings
Mortgage Calculator
$4,178
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,225
Monthly Tax
$745
Monthly Insurance
$208
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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