2512 Calumet Street 6Houston, 77004
Home Summary
Unique multifamily investment with modern units and strong Airbnb income potential.
Property Type: Residential, MultiFamily
Introducing a rare investment gem—an established income-generating multifamily property that checks all the boxes. This distinctive asset comprises two buildings: one meticulously remodeled into three distinct units, and another newly constructed with four sleek, modern units. This property comes with all furniture fixtures and equipment. 2023 Financial Overview: This property generated $214,133 in Airbnb income. With operating expenses at only 36.60% of the revenue, the NOI of 2023 stands at $133,810 annually. 2024 Financial Overview: From January to June 30th, this property generated $119,856.72 in Airbnb income. With operating expenses at only 29.60% of the revenue, the NOI stands at $84,320.70. Value Add Opportunity: There is an opportunity to add two additional units, which could further increase the annual revenue by $61,000 for a total of $275,000, with a projected NOI of $173,000. www.calumetmultifamily.com
