306 Stiles St Houston, TX 77011

This fully renovated 1938-built fourplex in Houston, TX (77011), offers a compelling investment opportunity. Boasting 3,210 square feet of net rentable space on a 7,620 square foot lot, the property features four units: two 2-bedroom/2-bath units, one 1-bedroom/1-bath unit, and one 2-bedroom/1-bath unit. Currently operating at 100% occupancy with leases extending to August 2025 (Units A, B, & D), the property generates a strong net operating income (NOI) of $6,100 annually. Unit C is vacant and ready for immediate leasing at $1,350 per month. Units A and B rent for $1,700 each, and Unit D rents for $1,300. The property underwent a complete renovation in 2024, and the front units showcase high ceilings and updated bathrooms. Water and electricity are currently covered by the owner. There's even potential to add a fifth unit, increasing future value. The asking price is $650,000. Offers are due by October 10, 2024, at 5:00 PM. Access to occupied units will be granted upon offer acceptance. Proof of funds is required with all offers. This is a rare opportunity in a prime Houston location.