11314 Courtshire RdHouston, TX 77076

For Sale
$524,999

Four-Unit Rental, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Houston multifamily investment opportunity presents a portfolio of four units in two buildings, totaling 2,426 square feet on an 8,229 sq ft lot. Built in 1955 and extensively renovated in 2022, this Class B property boasts a 100% occupancy rate as of May 1, 2023, generating a strong NOI of $39,906 and a 7.60% cap rate. The property is conveniently located at 11314 Courtshire Rd, Houston, TX 77076, just 10 minutes from Downtown Houston. Each unit commands a price of $150,000, making this a compelling value-add investment opportunity for both seasoned and first-time investors. The two-story buildings sit on a substantial lot, offering potential for future expansion or upgrades. The property's strong performance and prime location make it an attractive addition to any investment portfolio. This stabilized investment presents a rare opportunity to acquire a high-performing, income-producing asset in a thriving Houston market. The current NOI and cap rate provide a solid foundation for future growth and profitability. Don't miss this chance to secure a valuable piece of Houston real estate.

Highlights

  • $524,999 asking price for a four-unit multifamily property in Houston, TX.
  • 7.60% cap rate with a $39,906 annual net operating income (NOI).
  • 100% occupancy as of May 1, 2023.
  • Located at 11314 Courtshire Rd, Houston, TX 77076, approximately 10 minutes from Downtown Houston.
  • Two buildings, totaling 2,426 square feet on an 8,229 square foot lot.
  • Property features four units, two stories, built in 1955 and renovated in 2022.

Property Details for 11314 Courtshire Rd

Property type
Multifamily properties, Residential income homes
Square Feet
2,426 SF
Class
B
Year Built/Renovated
1955/2022
Buildings
2
Stories
2
Units
4

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.866109079808
Longitude
-95.369487290079
11314 Courtshire Rd, Houston, Texas

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11314 Courtshire Rd
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