Listing Courtesy of: Charles Patawaran - Gatsby Advisors Real Estate
832-899-4389
$1,650,000
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2512 Calumet Street Unit 6 Houston, TX 77004
Multi-Family
Residence
2
Beds
2
Baths
Sq. Ft.
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Introducing a rare investment gemâan established income-generating multifamily property that checks all the boxes. This distinctive asset comprises two buildings: one meticulously remodeled into three distinct units, and another newly constructed with four sleek, modern units. This property comes wi...th all furniture fixtures and equipment. 2023 Financial Overview: This property generated $214,133 in Airbnb income. With operating expenses at only 36.60% of the revenue, the NOI of 2023 stands at $133,810 annually. 2024 Financial Overview: From January to June 30th, this property generated $119,856.72 in Airbnb income. With operating expenses at only 29.60% of the revenue, the NOI stands at $84,320.70. Value Add Opportunity: There is an opportunity to add two additional units, which could further increase the annual revenue by $61,000 for a total of $275,000, with a projected NOI of $173,000. www.calumetmultifamily.com
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MLS#
19119933
Property Type
Multi-Family
Bedrooms
2
Bathrooms
2 Full
Year Built
1955
Price per Sq. Ft.
$485.72
Stories
2.0
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