Great value-add multifamily property just south of Downtown Houston. 36 units plus 5 additional income producing units. Mix of studios, one, bedrooms and two bedroom units. This property has received over $268,000 in upgrades in the last year. Many repairs have been completed by current ownership including upgrading many interiors, new sewer line, some hot water heaters replaced, upgraded laundry room and so much more. Ownership group intends to 1031 into a larger complex to be identified.
The median home value in Houston, TX is $247,900. This is lower than the county median home value of $268,200. The national median home value is $338,100. The average price of homes sold in Houston, TX is $247,900. Approximately 37.67% of Houston homes are owned, compared to 51.05% rented, while 11.28% are vacant. Houston real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Houston real estate agent to arrange a tour today!
Houston, Texas 77087 has a population of 2,293,288. Houston 77087 is less family-centric than the surrounding county with 29.66% of the households containing married families with children. The county average for households married with children is 34.48%.
The median household income in Houston, Texas 77087 is $56,019. The median household income for the surrounding county is $65,788 compared to the national median of $69,021. The median age of people living in Houston 77087 is 33.7 years.
The average high temperature in July is 93 degrees, with an average low temperature in January of 43.4 degrees. The average rainfall is approximately 53 inches per year, with 0 inches of snow per year.