5603 Pickfair St, Houston, TX 77026

$550,000
10
BD
6
BA
3,669
SqFt

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List Price
$550,000
Status
ACTIVE
MLS#
59541080
Days on Market
5
Year Built
1960
Bedrooms
10
Bathrooms
6
Full-baths
6
Living Area
3,669
Lot Size
15,000
Lot Size Source
Appraiser
Subdivision
Kashmere Gardens Park
Region
2
Market Area
Northside
County
Harris

Property Description

Massive investment opportunity inside the 610 Loop! This high-yielding multi-family portfolio features a total of 5 income-producing units spread across three distinct structures, generating a strong $5,650 in monthly rental income. Property Breakdown: Rear Single-Family Home: Spacious 2-bedroom, 2-bathroom house currently leased for $1,250/month. Two Detached Duplexes: A total of 4 independent apartment units (2 bedrooms, 1 bathroom each), fully leased at $1,100/month per unit. Unbeatable Location: Perfectly situated just 10 minutes from Downtown Houston and inside the highly desirable 610 Loop. This property offers incredible long-term appreciation potential and low vacancy rates due to its close proximity to the brand-new hospital development and local employment hubs. All units are fully occupied and generating cash flow from day one. Perfect for a seasoned investor looking for immediate, stable yields or a 1031 exchange. Selling strictly as-is. Fully renovated in 2023.

Additional Information

Finance Available
Cash, Conventional, FHA, VA Loan
Taxes
$12,024
Neighborhood
Northside
Interior Features
Granite Counters, Ceiling Fans, Programmable Thermostat
Heating
Central, Natural Gas
Cooling
Central Air, Electric
Stories
1
Utilities
Electricity Available, Natural Gas Available, Water Available
Roof
Composition
School District
Houston
Elementary School
Kashmere Gardens Elementary School
Middle School
Key Middle School
High School
Kashmere High School

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Calculator source: Real Geeks

Listing courtesy of 5th Stream Realty.