2602 Crosstimbers St Houston, TX 77093

This exceptional value-add opportunity presents a 4-unit apartment building situated on a 7,704 sq ft lot in Houston, Texas. The property, built in 1960, boasts 4,375 square feet and features a mix of unit types including two 2-bedroom, 1-bathroom apartments, a studio apartment, and a large retail space with an attached studio. Currently operating at 100% occupancy, the property offers significant upside potential. Each unit is priced at $50,000, with an asking price of $200,000 for the entire property. The property includes 6 parking spaces, providing ample parking for residents and customers. Its strategic location, approximately 1/5 mile from Highway 59 and the Hardy Toll Road, and 1.5 miles from Highway 610, ensures easy access to major city routes. The property's zoning allows for potential expansion, with estimates suggesting conversion into a 5 or 6-unit multifamily property, significantly increasing equity and cash flow. Future rental estimates range from $995 to $1,300 per month, depending on unit configuration and market conditions. The property is classified as a Class C multifamily building and presents a compelling investment opportunity for those seeking value-add potential in a prime Houston location. The current configuration includes both living and retail spaces, offering flexibility for various investment strategies.