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3435 Rosedale, Houston, TX 77004

Commercial property for sale

Description
A 16% ROI based on Actual Rents & ExpensesTENANTS PAY 100% OF UTILITIES via RUBS. Renovated over 7 months, all 5 units got extensive rehab. The 2 front Duplexes got new Kitchens, new Plumbing and Electrical in kitchens and bath, new double pane Windows, new Paint interior/exterior, and all hard woods on both floors were reconditioned and varnished. Plus much more including R-20 attic insulation.The back 3 unit Building was completely renovated including new exterior wood siding, painting, interior studs, complete plumbing and electrical, new bathrooms and kitchens, laminate floors, doors, a/c etc etc.Rents range from $1.37 or $550 for the smallest 400sqft 1bedroom/1bath unit to $1.04 or $1250 for the largest 1200 sqft 2 story Duplex.Leases are one year expiring in September of 2013. Property is centrally located minutes from the Benz area between the Medical Center, Midtown/Montrose and Downtown.Tenants are all Professionals. Building price details: $475,000.
Property Details

Building Name:	Rosdeale 5 Plex
Property Type:	Multifamily
Use Types:	Duplex/Fourplex
Status:	Available
Price:	$ 95,000 +/Unit
Number of Stories:	2
Year Built:	1950
Year Renovated:	2012
MSA:	Houston-Sugar Land-Baytown
Buildings:	2
Construction:	Brick
Terms:	Cash to Seller, Purchase Money Mortgage
Added:	12/16/2012
Last Update:	07/06/2013

Parking Type:

Surface

Note
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