5101 Crane St Houston, TX 77026
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 5101 Crane St
- Year built
- 1945
- Property type
- Residential income homes
Description
This stabilized multifamily investment property, located at 5101 Crane St, Houston, TX 77026, presents a compelling opportunity for income generation. The property consists of two, one-story buildings totaling five units, all currently 100% occupied as of August 1, 2023, generating a Pro-Forma NOI of $27,413. Built in 1945 and renovated in 2022, this Class B property sits on a 7,625 sq ft lot in Harris County. The asking price is $398,500, representing a price per unit of $96,000 and a 6.00% cap rate. This turnkey investment is ideal for both seasoned and first-time investors seeking a stable, high-occupancy income stream in a desirable Houston location. The property's strong performance and recent renovations minimize immediate capital expenditure needs, allowing for a quick return on investment. This is a rare opportunity to acquire a fully occupied, well-maintained multifamily property in a thriving market. The property's location offers convenient access to local amenities and transportation networks.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.319526226807
- Latitude
- 29.79700302392
