2708 Oakcliff St, Houston, TX 77023

This exceptional investment opportunity presents a 14-unit apartment building located at 2708 & 2712 Oakcliff St, Houston, TX 77023, in Harris County. The property, built in 1956, comprises two, two-story buildings totaling 8,521 square feet on a 10,404 square foot lot. Currently boasting 90% occupancy, the building features a mix of one and two-bedroom, one-bathroom units, each upgraded over time. The property offers an attractive price point of $1,450,000, translating to $103,571 per unit and $170.17 per square foot. With a Net Operating Income (NOI) of $73,238, the property exhibits a 5.05% capitalization rate. Conveniently located, it provides easy access to key Houston areas including the University of Houston, the Medical Center, Downtown, Midtown, and Montrose. The property also includes two additional parking pads. This is a strong performing asset with a history of long-term tenants, making it an ideal addition to any investment portfolio. The property is being offered for sale by owner.