7930 Ritz StHouston, TX 77028

This exceptional 16-unit apartment building presents a compelling investment opportunity in Houston, Texas. Located at 7930 Ritz St #16, Harris County, this single-story, 4,447 square foot property sits on a sizable 14,760 square foot lot, offering ample parking. Built in 1975, the Class C building features a composition roof, brick and other exterior materials, and laminate flooring throughout. Heating is provided by central electric and gas systems, while cooling is via other systems (details available upon request). The property currently lacks dishwashers, disposals, and microwaves in the units. A manned gate provides controlled access. The property's proximity to downtown Houston and major freeways (610 and 59) offers convenient access to the city's attractions and transportation networks. The large lot presents the potential to add value through expansion, potentially converting existing community facilities into additional rental units. This property is priced at $599,900, representing a price per square foot of $157. The location is experiencing nearby development, suggesting strong potential for future appreciation. This is an ideal investment for those seeking a multifamily property with significant upside potential in a rapidly developing area of Houston. Detailed property information and financial projections are available upon request.