Houston 10-Plex Opportunity – Fully Occupied & Airbnb Ready!
Houston 10-Plex Opportunity – Fully Occupied & Airbnb Ready!
3126 Webster St, Houston, TX 77004 Buy It Now: $875,000 | Reserve Price: $865,000 MLS Listed at $990,000 – Grab it off-market below list price!
Property Overview
Property Type: Multi-Family
County: Harris
Occupancy: 100% Tenant-Occupied
Unit Mix:
8 One-Bedroom Units
2 Studio Units
Total Beds/Baths: 10 Bed / 10 Bath
Living Space: 4,432 sq ft
Lot Size: 5,000 sq ft
Year Built: 1940
HOA: None
Delivered Occupied – Strong Airbnb Income Light Rehab Needed in 6 Units Access Upon Request
Financial Highlights (2024)
Avg Monthly Gross Rent: $12,820+
Annual Gross Rent: $153,835
Estimated Operating Expenses: 35%
Net Operating Income (NOI): $99,993
Cap Rate (at $875K): 11.43%
Cash-on-Cash Return (Entry = $20K): 500%+
This deal CRUSHES the 1% Rule and then some – true investor gold.
View Full Rent Roll + Financials
Why This Deal Works
Prime Location: 5 mins from Downtown Houston, near Texas Medical Center, U of H, TSU, Midtown & more Strong Airbnb Income: Already monetized – HUGE cash flow upside Renovated Units: Units 1, 5, 6 & 8 already updated Value-Add Play: Additional green space could fit another duplex No HOA / No Restrictions = complete investor flexibility Mid- or Long-Term Rental Ready Walkable to MetroRail
Rehab Scope (Light Rehab in 6 Units)
Roof: Age unknown
Electric: Public – Condition unknown
Sewer & Water: Public – Condition unknown
HVAC & Water Heater: Age unknown
Foundation: Unknown
Cosmetic updates = MASSIVE upside with minimum capex.
Nearby Attractions
Walking Distance to MetroRail
University of Houston, TSU
Midtown & Downtown Houston
Texas Medical Center
Museum District
Emancipation Park
Transaction & Contact
Transaction Contact: JNA Dynamic Holdings LLC
Phone: 469-949-3363
Website: www.jnadynamicholdings.com
Email: [email protected]
Lockbox Access: By Appointment
Signed Purchase Agreement Folder
Don’t miss this rare 10-plex in Houston’s hottest rental pocket – lock it up before it’s gone!
