3501 Brewster Street #12
Houston, TEXAS 77026

$1,534,000

Description

Completely rebuilt from the ground up! Over $800k invested into rehab of this property. Property is fully master leased to a Sober Living "Rehab" facility that assumes all cost of operations and tenders monthly rent in a lump sum $9700 payment at the beginning of the month. Master lease is a NNN lease (tenants pay for all bills including insurance!) all landlord pays for is taxes at the end of the year. No management, just automatic cashflow. Three more years on lease (lease expires Oct 2021). All spacious 12 units are 2 bed 1 bath. All units are brand new with wear-resistant luxurious materials. Plenty of parking spots with surrounding perimeter privacy fence and automatic electronic gate. Located only 7 minutes away from downtown, next to major highway system and commercial centers. This property is positively cash-flowing with little effort. Great opportunity for Turnkey investors looking for cashflow with no management! Sorry no owner fi nancing available.

Details

MLS#77315412
Sub-TypeResale
StatusActive
Year2018
Days On Site70

Features

SQ Feet8,400
Units1
Building(s)1

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Area Information

StateTexas
CountyHarris
CityHouston
Zip Code77026
Area2
Listing VS Median (in 77026)
Price:
$1,534,000
low | high
Med:
$65,000
100% of Average
SqFt:
8,400
low | high
Med:
0
100% of Average
$ / SqFt:
$183
low | high
Med:
$0
100% of Average
On Site:
70
low | high
Med:
171
40.93567251462% of Average
Listing Updated: 04/24/2019
MLS Number: 77315412
Listing Provided By:
Boris Sanchez  of  Sanmore Realty