1849 W Main ST #15 new Save Request In-Person Tour Request Virtual Tour
Houston,TX 77098
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,100 sqft
Price per Sqft $261
Subdivision Montlew Place
MLS Listing ID 70116432
HOA Fees $1/mo
Year Built 1940
Property Sub-Type Multi Family
Property Description
Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10,800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.
Location
State TX
County Harris
Area Montrose
Interior
Heating Central,Gas
Cooling Central Air,Electric
Flooring Tile,Wood
Exterior
Parking Features Carport,Garage,Garage Door Opener
Utilities Available Electricity Available,Natural Gas Available,Water Available
Roof Type Composition
Building
Lot Description Subdivision
Story 2
New Construction No
Schools
Elementary Schools Poe Elementary School
Middle Schools Lanier Middle School
High Schools Lamar High School (Houston)
School District 27 - Houston
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other