11314 Courtshire Rd Houston, TX 77076
- Residential income homes
- 2,426 SF
Current Use by Public Records
- Residential income homes
Property Details for 11314 Courtshire Rd
- Year built
- 1955
- Property size
- 2,426 SF
- Property type
- Residential income homes
Description
This exceptional Houston multifamily investment opportunity presents a portfolio of four units in two buildings, totaling 2,426 square feet on an 8,229 sq ft lot. Built in 1955 and extensively renovated in 2022, this Class B property boasts a 100% occupancy rate as of May 1, 2023, generating a strong NOI of $39,906 and a 7.60% cap rate. The property is conveniently located at 11314 Courtshire Rd, Houston, TX 77076, just 10 minutes from Downtown Houston. Each unit commands a price of $150,000, making this a compelling value-add investment opportunity for both seasoned and first-time investors. The two-story buildings sit on a substantial lot, offering potential for future expansion or upgrades. The property's strong performance and prime location make it an attractive addition to any investment portfolio. This stabilized investment presents a rare opportunity to acquire a high-performing, income-producing asset in a thriving Houston market. The current NOI and cap rate provide a solid foundation for future growth and profitability. Don't miss this chance to secure a valuable piece of Houston real estate.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.369487290079
- Latitude
- 29.866109079808
