3025 Prospect StHouston, TX 77004

This exceptional investment opportunity presents a fully leased, eight-unit apartment building situated on a 0.6-acre lot in Houston, Texas. The property, comprised of two, two-story, four-plex buildings, boasts a total of 4,560 square feet and features 570 square feet per unit. Completely renovated in 2018, each unit showcases modern upgrades including luxury vinyl wood flooring, quartz countertops, and energy-efficient windows. Kitchens and bathrooms are fully updated with new appliances. Each unit is equipped with a refrigerator, washer, and dryer. Desirable amenities such as dishwashers, disposals, and microwaves are included. The property enjoys 100% occupancy and commands a price per unit of $1,120, resulting in a total asking price of $1,650,000. The property is zoned for residential multi-family use and offers seven parking spaces. Its prime location near major highways (Hwy 288, Hwy 610, I-10, Hwy 45, and Hwy 59) provides easy access to Downtown Houston, the Texas Medical Center, the University of Houston, and the Museum District. Public transportation is readily available, with a Metro Bus stop within close proximity. The surrounding area boasts a population of 25,000 within a one-mile radius and an average household income of $65,765. This stabilized Class B property offers a compelling return on investment in a high-demand location. The property's APN is 0610840070010. Built in 1950, this smoke-free property is a low-maintenance investment opportunity.