Courtesy of: Gustavo Alvarado, Walzel Properties - Katy, gustavorealestate1@gmail.com
Courtesy of: Gustavo Alvarado, Walzel Properties - Katy, gustavorealestate1@gmail.com
$720,000
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14 bed
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5,550 square feet
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7.00 Bath (7 Full)
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Lot: 0.58 Acres
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Other
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$720,000
5017 Mallow Street Great investment opportunity! This fully renovated multifamily property features 7 units across two duplexes and one triplex, with each unit offering a spacious 2-bedroom, 1-bathroom layout and modern updates throughout. Recent exterior improvements include a new roof, new gutters, and more. A survey is available for review. Currently, 6 of the 7 units are occupied, providing immediate rental income with additional upside potential. At full occupancy, the property has the potential to meet the 1% rule based on current rental rates, with significant room for rental growth, as current rents are below comparable properties in the area. Located in a rapidly developing neighborhood with ongoing new construction, this property offers excellent long-term investment potential. The adjacent lot is also available for purchase, creating additional opportunities for future development or expansion.
Courtesy of: Gustavo Alvarado, Walzel Properties - Katy, gustavorealestate1@gmail.com
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