4815 - 4825 LAVENDER STREET - HOUSTON, TX 77026FOR SALE
TURN KEY PORTFOLIO
100% OCCUPANCY
11% CAP RATE
PROPERTY DESCRIPTIONNEWLY REBUILT 6 GORGEOUS COTTAGE HOMES! Harvey flooding led owner to rebuilt all 6 houses. These properties are Excellent Income Producing Rentals and were built light and bright, sparing no expense! All six houses are to be sold as a “Package Deal” and are currently on one year leases
at $725/mo each home;
4815 - 4825 LAVENDER STREET - FOR SALE - $399,990 FINANCIAL SUMMARY
FINANCIAL SUMMARY
Investment OverviewListing Price
Current Rents 4815 Lavender St.4816 Lavender St.4817 Lavender St.4818 Lavender St.4819 Lavender St.4820 Lavender St.
Operating Data Maintainance Estimate
InsuranceTaxes (2017)
-- -- --$399,990-- -- --$725$725$725$725$725$725-- -- --$300/yr$1200/yr$6455/yr
INCOME & EXPENSES100% OCCUPANCY 11% CAP RATE NEW ROOFSNEW FLOORSNEW COUNTERSNEW VANITIESNEW CABINETSFRESHLY PAINTEDNEW KENMORE APPLIANCESWELL MAINTAINED PLUMBING
Maintenance - Common area maintenance is $50 per month Utilities - Owner pays water bill; Tenants pay individual power bills(1 shared meter for all 6 lines that run to city main)
Showings are exterior only so as to not disturb tenants. Interior showings can be arranged with 48 hour notice once buyer provides proof of funds/loan approval.
FINANCIAL SUMMARY
LOCATION MAP TURN KEY PORTFOLIO SUMMARY - 4815 - 4825 LAVENDER STREET
LOCATION MAP TURN KEY PORTFOLIO SUMMARY - 4815 - 4825 LAVENDER STREET
Property Listing DetailsListing Price
AddressCity
CountySubdivision
Legal DescriptionYear Built
Building SqftTotal Lot SizeMarket Area
MLS#
-- -- --$399,990 ($82.51/sqft.)4815 - 4825 LAVENDER STREETHOUSTON, TX 77026Harris CountyKashmere Gardens TR 350A-F BLK 16 KASHMERE GARDENS 1960 / Appraisal District4,848 /Appraisal District (808 sqft. each)10,000 Sqft. /Appraisal DistrictNorthside79505837 (HAR)(HAR - http://www.har.com/s/895C0EB12)
2 Bedrooms
Each House1 Full Bath Each House
Building Sqft 808 Sqft. ea [6 Units]
Total Lot Size 7,000 Sqft
Kashmere Gardens
MLS#: 79505837 (HAR LINK)
GREAT PROXIMITY TO INNER LOOP DESTINATIONS AND DOWNTOWN
4815 - 4825 LAVENDER STREETHOUSTON, TEXAS 77026
THIS LOCATIONHAS GREATPROXIMITY TOALL MAJOR CITY AREAS. MOST INNER LOOP DESTINATIONSCAN BE REACHEDIN LESS THAN 10MINUTES TRAVELTIME VIA CAR.
GREAT PROXIMITY TO INNER LOOP DESTINATIONS AND DOWNTOWN INNER LOOP DESTINATIONS MAP LEGEND
INNER LOOP DESTINATIONS
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www.LEGACYEDGEREALTY.com
Presented By:
Gaby Joslin Broker Bilingue(832) 248-8887
Legacy Edge RealtyInvestor Division, Houston
9595 Six Pines Dr. | Suite 8210The Woodlands, Texas 77380
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