9322 Scranton StHouston, TX 77075

For Sale
$750,000

High-Yield, Fully Occupied Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional Houston investment opportunity presents a portfolio of five fully occupied, two-bedroom, one-bathroom single-family rental homes. Each unit boasts approximately 864 square feet (4,320 total square feet) and contributes to the property's 100% occupancy rate, ensuring a steady stream of rental income. The homes, built in 1966 and comprehensively renovated in 2023, are situated on individual lots at 9322 Scranton St, Houston, TX 77075. The portfolio's prime location near Hobby Airport offers convenient access to major freeways, shopping, and dining, maximizing tenant appeal and minimizing vacancy risk. Low property taxes and the absence of a homeowner's association (HOA) further enhance the investment's profitability. Importantly, this property has a history of no flooding. Adding to its potential, an additional buildable lot and another rental home are available, presenting opportunities for future expansion and increased revenue. The asking price is $750,000, representing $150,000 per unit. This is an investment property

Highlights

  • Five fully occupied, 2-bedroom, 1-bathroom single-family homes.
  • Each unit is approximately 864 square feet, totaling 4,320 square feet.
  • Completely renovated in 2023; built in 1966.
  • Located at 9322 Scranton St, Houston, TX 77075, near Hobby Airport.
  • 100% occupancy rate, low property taxes, and no HOA fees.
  • No history of flooding.

Property Details for 9322 Scranton St

Property type
Multifamily properties, Residential income homes
Square Feet
4,320 SF
Year Built/Renovated
1966/2023
Buildings
5
Units
5

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6432716
Longitude
-95.2506293
9322 Scranton St, Houston, Texas

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9322 Scranton St
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