Add this 4-plex to your rental portfolio! The home is a 2 bed / 1 bath with three 1 bed / 1 bath garage apartments. The house rents for $1,100 and the garage units are $750, $750, $725 - for a combined $3,325 gross rent. Tenants are currently on month-to-month leases. The house and garage have separate electric meters. The house tenant pays electric and owner pays electric for garage units plus all water & gas, about $575/mo. There is opportunity to bill back utility costs to the tenants to increase cash flow and bring projected IRR to over 15%. Or set it up as a short-term rental for even more revenue. Total sqft is estimated with each apartment about 400sqft. Update: two garage units became available in February and are pending make-ready for leasing.

General Description

MLS#:

93946191 (HAR)

Sold Price Range:

$325,001 - $370,000

Listing Status:

Sold

Address:

116 Frawley Street

City:

Houston

State:

TX

Zip Code:

77009

County:

Harris County

Subdivision:

Bradley White Oak Blk 1 2 (View subdivision price trend)

Legal Description:

LT 8 BLK 2 BRADLEY WHITE OAK

Property Type:

Multi-Family - Fourplex

Stories:

1

Year Built:

1935 / Appraisal District

Building Sqft.:

2,483231(m²) /Seller

Lot Size:

5,250 Sqft.488(m²) /Appraisal District

Market Area:

Northside

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Interior Features

Floors:

Carpet, Tile, Wood

Heating:

Central Gas

Cooling:

Central Electric

Energy Feature:

Ceiling Fans

Exterior Features

Roof:

Aluminum

Exterior Type:

Brick, Cement Board

Assigned School Information

District:	Houston
Elementary School:	Jefferson Elementary School Good |
Middle School:	Marshall Middle School Average |
High School:	Northside High School Average |

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Listing Broker: eXp Realty, LLC
Email Listing Broker

Selling Broker: REALM Real Estate Professionals - Galleria
Last updated as of: 07/11/2024

Property Tax

Market Value Per Appraisal District

Cost/Sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$144.77	$359,457	38.96%	$359,457	38.96%
2022	$104.18	$258,683	8.48%	$258,683	8.48%
2021	$96.04	$238,459	11.70%	$238,459	11.70%
2020	$85.98	$213,478	10.29%	$213,478	25.59%
2019	$77.95	$193,553	9.69%	$169,975	10.00%
2018	$71.07	$176,458	0.00%	$154,523	10.00%
2017	$71.07	$176,458	1.99%	$140,476	10.00%
2016	$69.68	$173,012	3.35%	$127,706	10.00%
2015	$67.42	$167,412	58.62%	$116,097	10.00%
2014	$42.51	$105,543	0.00%	$105,543	0.00%
2013	$42.51	$105,543	0.00%	$105,543	0.00%
2012	$42.51	$105,543		$105,543

2023 Harris County Appraisal District Tax Value
Market Land Value:	$130,688
Market Improvement Value:	$228,769
Total Market Value:	$359,457

2023 Tax Rates
HOUSTON ISD:	0.8683 %
HARRIS COUNTY:	0.3501 %
HC FLOOD CONTROL DIST:	0.0311 %
PORT OF HOUSTON AUTHORITY:	0.0057 %
HC HOSPITAL DIST:	0.1434 %
HC DEPARTMENT OF EDUCATION:	0.0048 %
HOUSTON COMMUNITY COLLEGE:	0.0922 %
HOUSTON CITY OF:	0.5192 %
Total Tax Rate:	2.0148 %

 

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