3521 Attucks St, Houston, TX 77004

Selling one 6-plex building @$650k or two 6-plex buildings @$1.2m built in ‘65. While there's preliminary interest, no agreement is finalized, presenting an excellent opportunity to submit a competitive offer. The properties comprise of 2 properties both have 6 apartment units, 12 total with only one currently vacant. A $250k loan will need to be repaid at closing, and requires a substantial net return to make the sale worthwhile. Willing to explore financing options for the balance, should the offer be acceptable. will not entertain offers below $1.2 million for both buildings. The current rental income is approximately $10k per month ($750 to $950). The vacant unit, one of two larger units (due to a stairwell relocation that increased square footage), currently commands $950. One tenant, a resident for over 30 years, pays a reduced rent of $750, and maintain their own appliances and air conditioning. All other units are equipped with electric appliances provided by the owner, including two window AC units/heaters per apartment, except for one apartment in each building with central air. Tenants are responsible for their electricity; water (approximately $500/month) and gas (approximately $110/month for water heaters) are paid by the owner. Gas is metered separately and are available for each unit but are currently not being utilized. Both buildings are in compliance passing all inspections conducted by the City of Houston and Fire Marshal. A recent insurance inspection revealed the need for roof replacements for both buildings and electrical panel upgrades for one building; this is currently being addressed. The buildings have been meticulously maintained personally since their purchase in 1978. All lead plumbing has been replaced with PVC, and the interiors are in good condition. The walls feature 1/4” painted paneling (no cracks) with 5/8” drywall on common wall according to fire code. Upstairs, original hardwood floors have been beautifully resurfaced, while downstairs features carpet and or tile. Bathrooms have been updated; kitchens retain original solid wood cabinets with updated counters. The current rental rates are deliberately affordable for the senior tenants on fixed incomes, resulting in exceptionally long-term tenancies (month-to-month). Please contact me if you have further questions .