618 E 40th ST #5 Active Save Request In-Person Tour Request Virtual Tour
Houston,TX 77022
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