Houston, TX 77022,618 E 40th ST #5
Houston, TX 77022,618 E 40th ST #5
Houston, TX 77022,618 E 40th ST #5
Houston, TX 77022,618 E 40th ST #5
Houston, TX 77022,618 E 40th ST #5
Houston, TX 77022,618 E 40th ST #5
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$ 800,000
Est. payment | /mo

4,200 SqFt


Save
$ 800,000
Est. payment | /mo
Save

4,200 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Plus

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $190

Subdivision Independence Heights School

MLS Listing ID 81471658

Year Built 1972

Annual Tax Amount $5,607

Tax Year 2023

Lot Size 9,000 Sqft

Property Description

Welcome to your next investment. Located in the vibrant and rapidly evolving Independence Heights neighborhood of Houston, this impressive 5-unit apartment complex offers a unique and rare opportunity for an investor to add a turnkey-cash-flowing property to their portfolio.
Located less than 10 min from Downtown Houston, this property benefits from the neighborhood's burgeoning growth and revitalization. Independence Heights is renowned for its blend of historic charm and modern development with new construction on almost every street.
Each of the five units has been thoughtfully designed to maximize space and comfort. The project has completed a full gut remodel in 2023 with new MEP's, new floors, energy-efficient windows, tankless water heaters, stainless steel appliances, and new roof. Each unit also comes standard with a washer/dryer. Seller will pay for a new resurfaced asphalt driveway upon sale.

Location

State TX

County Harris

Area Northwest Houston

Interior

Heating Central Electric

Cooling Central Electric

Flooring Concrete

Exterior

Utilities Available Cable, Electric, Gas, Water

Roof Type Composition

Building

Lot Description Other

Story 1

Unit Features Fenced Area

Structure Type Brick,Cement Board

New Construction No

Schools

Elementary Schools Burrus Elementary School

Middle Schools Williams Middle School

High Schools Washington High School

School District 27 - Houston

Others

Senior Community No

Restrictions None

Tax ID 021-129-000-0025

Energy Description Ceiling Fans,Digital Program Thermostat,Energy Star Appliances,Energy Star/CFL/LED Lights,Insulated/Low-E windows,Insulation - Blown Fiberglass,Tankless/On-Demand H2O Heater

Acceptable Financing Cash Sale, Conventional, Investor, Owner Financing

Tax Rate 2.0148

Disclosures Sellers Disclosure

Listing Terms Cash Sale, Conventional, Investor, Owner Financing

Financing Cash Sale,Conventional,Investor,Owner Financing

Special Listing Condition Sellers Disclosure

Houston Association of Realtors (HAR MLS)
Listed by Joseph Walter Realty, LLC
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13100 Wortham Center Dr, Houston, TX, 77065

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618 E 40th ST #5