3rd Ward Turn-Key Duplex

2319 Barbee St, Houston, TX 77004

$325,000 After Repair Value -
$255,000 Asking Price -
$16,000 Cost of Repairs =
$54,000 Potential Profit

Property Details

Asking Price $255,000

After Repair Value $325,000

Costs of Repairs $16,000

Potential Profit $54,000

Living Area 1344 ft2

Property Type Duplex

Bedrooms 4

Bathrooms 2

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

Cash flowing turnkey property. These are long standing tenants who keep the property well maintained. It is located 1 min from 288 and Emancipation Park. Perfect investment property. Minimum upgrades needed. Can easily cash flow $2,600/ month for a 10% CAP rate or better. Building sits on a 5,200 sqft lot. Must see!! Please do NOT disturb tenants.

Repairs Needed

Kitchen cabinets and floors would need upgrading to bring up to full market value. Still great investment property without any upgrades. Property has been well maintained.

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