3512 Adair St, Houston, TX 77004

$499,999
16
BD
8
BA
704
SqFt
List Price
$499,999
Status
ACTIVE
MLS#
70717951
Price Change
▼ $200,000 1788276431
Days on Market
1
Year Built
1940
Bedrooms
16
Bathrooms
8
Full-baths
8
Living Area
704
Lot Size
10,000
Lot Size Source
Appraiser
Subdivision
Granlin Grove
Region
4
Market Area
University Area
County
Harris

Property Description

Excellent investment opportunity just minutes from the University of Houston! This 8-unit multifamily property is currently 100% occupied, offering immediate rental income with additional upside potential. Each unit features 2 bedrooms, 1 bathroom, a generously sized living room, and a well-appointed kitchen. Major improvements include new roofs and new windows across all 8 units, reducing near-term capital expenditure for the next owner. Tenants are responsible for their own electricity, gas, and trash, while the landlord only pays for water and sewer.

Additional Information

Taxes
$9,852
Neighborhood
University Area
Heating
Window Unit(s), Wall Furnace
Cooling
Window/Wall
Stories
1
Roof
Composition
School District
Houston
Elementary School
Blackshear Elementary School (Houston)
Middle School
Cullen Middle School (Houston)
High School
Yates High School

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of INNOVA Realty.