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618 E 40th Street 5Houston, 77022

$800,000
Listed 95 days

Home Summary

Investment opportunity in vibrant Independence Heights neighborhood. 5-unit apartment complex with modern updates. Close to Downtown Houston.

4,200 sqft
1-story
9,000 sqft lot
built in 1972

Property Type: Residential, MultiFamily

Welcome to your next investment. Located in the vibrant and rapidly evolving Independence Heights neighborhood of Houston, this impressive 5-unit apartment complex offers a unique and rare opportunity for an investor to add a turnkey-cash-flowing property to their portfolio. Located less than 10 min from Downtown Houston, this property benefits from the neighborhood's burgeoning growth and revitalization. Independence Heights is renowned for its blend of historic charm and modern development with new construction on almost every street. Each of the five units has been thoughtfully designed to maximize space and comfort. The project has completed a full gut remodel in 2023 with new MEP's, new floors, energy-efficient windows, tankless water heaters, stainless steel appliances, and new roof. Each unit also comes standard with a washer/dryer. Seller will pay for a new resurfaced asphalt driveway upon sale.

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Lot & Location: Other, Near Public Transit

Exterior: Private Entrance

MLS #296136098Joseph Walter Realty, LLC
Houston 1-story, null-bed 618 E 40th Street 5-idx