6723 Loop Houston, TX 77087

This exceptional investment opportunity presents a nine-unit multifamily property ideally situated on Houston's South Loop at 6723 S. Loop E, in Harris County, Texas, zip code 77087. The property, a Class C building, encompasses 6,794 square feet and consists of two, two-story buildings constructed in 1954 and extensively renovated in 2016. The complex comprises eight two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Comparable market rents within a one-mile radius average $1200 per month for two-bedroom units and $900 for one-bedroom units. The property's convenient location offers easy access to major thoroughfares, including the Gulf Freeway, and is in close proximity to the Port of Houston, NRG Stadium, and Downtown Houston. While the property requires immediate attention due to damage sustained from theft, preventing the issuance of a Certificate of Occupancy, this distressed sale presents a unique opportunity for a quick close within 30 days. The asking price is $985,000, representing a 100% ownership stake with no ground lease. Note that photos currently reflect the property's condition prior to the theft