1318 Austin StreetRosenberg, 77471
Home Summary
Income-producing property in great location, fully leased until 2024, with separate units and no HOA.
Property Type: Residential, Detached
THIS INCOME PRODUCING PROPERTY IS IN A GREAT LOCATION WITH EASY ON EASY OFF US 59/69 AS WELL AS HWY 36 NORTH AND SOUTH AS WELL AS US 90 ALT EAST TO WEST. THERE IS A DUPLEX AND A SEPARATE STUDIO WITH IT'S OWN ENTRANCE VIA A SERVICE ALLEY. THEY ARE 100% LEASED UNTIL END OF 2024.NO HOA!! TENANTS PAY FOR THEIR OWN ELECTRICITY AS THEY HAVE SEPARATE ELECTRIC METERS. ALL SHARE WATER, SEWER, GARBAGE AND MAI NTENANCE. NO MAJOR EXPENSES AS THEY ARE COMPLETELY REMODELED, NEW DISHWASHERS, NEW FLOORS, STOVES, BLINDS AND A/C UNITS AND ELECTRICAL PANAL BOXES . ROOF IS APPROXIMATLEY 15 YEARS OLD. COME SEE THIS EXEPTIONAL INCOME/INVESTMENT PROPERTY IN OLDE ROSENBERG. CAP RATE 8.7%.