8117 Bangle St Houston, TX 77012
- Commercial real estate
- 2,288 SF
Current Use by Public Records
- Commercial real estate
Property Details for 8117 Bangle St
- Property size
- 2,288 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a stabilized, 16-unit rooming house located at 8117 Bangle St, Houston, TX 77012. The property comprises two buildings totaling 2,288 to 2,700 square feet on a 5,000 square foot lot. Built in 1935 and 1946, with significant renovations completed in 2017 and 2024, this property boasts a 10% cap rate and 100% occupancy. The front building, a single-story structure, features eight rooms, a shared kitchen, and a shared restroom. The two-story rear building also houses eight rooms, divided between four downstairs units (with a shared kitchen and restroom) and four upstairs units (with a shared restroom). Currently, each room generates approximately $500 in monthly rent, with tenants on month-to-month leases. Recent capital improvements include two new water heaters (May 2024), replacement of sewer lines with new PVC pipe (May 2024), new roofs on both buildings (November 2024), and new exterior paint (November 2024). Significant potential for increased cash flow exists through the addition of amenities such as cable television, central air conditioning, vending machines, laundry facilities, and upgraded flooring and furniture, all of which could justify rental rate increases of $30-$50 per month per room. This property offers a strong return on investment with immediate cash flow and substantial upside potential. The property is situated in Harris County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.276768602199
- Latitude
- 29.70881302481
