9202 Homestead RdHouston, TX 77016

The Orbit INN, a multifamily apartment building located at 9202 Homestead Rd, Houston, TX 77016, presents a compelling investment opportunity. This two-story building, constructed in 1979, boasts a total of 35 units spread across 14,218 square feet on a 0.39-acre lot. The property includes 26 rentable rooms, along with several additional spaces. One room is currently occupied by an employee, while another requires minor repairs (a new box spring). The owner's apartment comprises three bedrooms, and there is also a one-bedroom employee apartment ready for immediate occupancy. Two additional apartments require minimal cleaning and repairs before becoming rentable. Two storage rooms offer the potential for conversion into additional guest rooms. Recent improvements include the installation of brand new toilets in all rooms. While the existing furniture and paint are dated, this presents an excellent opportunity for value enhancement through renovations and upgrades. The asking price for this substantial property is $2,200,000. This multifamily investment offers significant potential for increased rental income and return on investment. The property's location in Harris County provides convenient access to Houston's amenities and transportation networks.