
Courtesy of: Amanda Badawy, Coldwell Banker Ultimate, amanda@buywithbadawy.com
$750,000
|
1 bed
|
|
4,368 square feet
|
|
1.00 Bath (1 Full)
|
|
Lot: 0.11 Acres
|
|
Other
|
$750,000
801 & 803 66th St 7.7% IN-PLACE CAP RATE, $93, 750/DOOR, 8-UNIT COMPLEX INSIDE THE 610 LOOP. Exceptional cash-flowing multi-family asset in Central Park / Magnolia Park (East End Revitalized). Composed of two separate two-story fourplex buildings totaling 4, 368 SqFt. 100% occupied, generating $6, 350/mo ($76, 200/yr gross) with an actual in-place NOI of $57, 741. Consists of eight identical 1-Bed/1-Bath units averaging ~$794/mo. Major capital expenditures already completed: recent replacement roof, replaced water main supply lines, and upgraded attic insulation. Separately metered electricity (tenant-paid). Water/sewer is owner paid, creating prime upside to implement RUBS or a flat utility fee to boost NOI. Minutes to Downtown Houston, EaDo, UH, and Port of Houston employment hubs. Do not disturb tenants; drive-by only until contract.
Courtesy of: Amanda Badawy, Coldwell Banker Ultimate, amanda@buywithbadawy.com
Copyright © 2026 Houston Realtors Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.