3613 Crane St Houston, TX 77026

Property Details for 3613 Crane St

Year built

1964

Property size

4,832 SF

Property type

Apartment buildings

Description

This 8-unit apartment building in Houston, TX, presents a compelling investment opportunity. Recently renovated in 2024, this two-story building boasts 4,832 square feet on a 7,448 square foot lot. The property currently features six occupied units: four two-bedroom units renting at $1,000 per month and two one-bedroom units renting at $800 per month. Two additional units are nearing completion, projected to be finished within two weeks. Rents were recently increased, maximizing income potential. Upon full occupancy, the property is projected to generate $7,200 in monthly rental income. Located in a designated opportunity zone, this property offers significant tax advantages. The building includes eight on-site parking spaces. Built in 1964, this well-maintained property offers a blend of classic charm and modern updates, providing a strong foundation for a successful investment. The seller is actively working to secure long-term tenants, ensuring a smooth transition for the new owner. This turnkey investment is ready for immediate income generation. Don't miss this chance to acquire a profitable multifamily property in a thriving Houston market.