116 Frawley StreetHouston, 77009
Home Summary
Unique triplex in a growing area, blending a cozy home with rental potential.
Property Type: Residential, Triplex
Excellent investment opportunity, combining both a single-family home and three separate rental units. Main Home: 2 beds / 1 bath, currently rents for $1,250/month. Apartments: Three 1 bed / 1 bath units, each rented separately. Total Rental Income is $3,950/month (main home & all three units combined). Electric: Separate meters for the main house and garage apartments. Tenants of the main home pay for their own electricity, while the owner covers utilities for the garage apartments.The area is currently undergoing gentrification, with increasing property values, new construction, and charming homes being built in every direction.This property is close to major highways (I-45, 610, I-10, Hardy Tollway) and within walking distance of White Oak Music Hall, providing convenient access to entertainment. This property could be a solid long-term investment with existing cash flow & potential upside in utility bill backs, plus the added benefit of being in an appreciating neighborhood.
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