116 Frawley StreetHouston, TX 77009
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![]() Sold Price Range : $325,001 - $370,000
MLS# 93946191
Sold Date: 03/30/22
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 $575/mo. There is opportunity to bill back utility costs to the tenants to increase cash flow and bring projected IRR to over 15%. Or set it up as a short-term rental for even more revenue. Total sqft is estimated with each apartment about 400sqft. Update: two garage units became available in February and are pending make-ready for leasing. |
Presented by![]() Sayed Rabbani
(713) 897-1418
![]() Om Realty Group Phone: (281) 912-3102Fax: (281) 402-6562 800 Bonaventure Way #134, Sugar Land, TX 77479 |
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Tax Year | Cost/sqft | Tax Assessment | Change |
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$ | $ | ||
$ | $ | ||
$ | $ | -- |
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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Selling Broker: REALM Real Estate Professionals - Galleria
Last updated as of : 07/11/2024
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