HOUSTON, Texas
| Asking Price |
$1,500,000 |
Year Established |
|
|
| Annual Revenue |
$218,889 |
Reason for Selling |
|
|
| Annual P/L |
$143,533 |
Attention |
Steve Schemmel |
|
| Annual Cash Flow |
$0 |
Listing Number |
1006574 |
|
| # of Employees |
|
Business Category |
Commercial Real Estate: Multi-Family |
|
Business Overview:
This owner-operated cash-flowing multifamily property is currently being run as a short-term rental and presents a great opportunity for investors looking to expand their investment portfolio. This asset comprises two free-standing buildings: one meticulously remodeled into three units and another constructed with four sleek, modern units.
This property comes fully equipped with all furniture, fixtures, and equipment, making this a cash-flowing asset from day one of ownership. Located in a prime area, this property is just minutes away from Houston’s top hotspots, including Montrose, Midtown, and Downtown Houston. Its desirable location ensures strong demand from both short-term and long-term renters, maximizing its income potential.
In 2025, this property generated a net operating income (NOI) of $143,533, highlighting its strong financial performance. Beyond its current success, there is an opportunity to add two additional units, with an additional pro forma income of$50,000/year. This value-add opportunity, combined with its unbeatable location, makes this property an exceptional investment opportunity.
Property Features and Assets:
<ul><li><strong>Income-Generating Multifamily:</strong> Established and profitable, generating $18,241/month in Airbnb income NOI of $143,533 in 2025<br></li><li><strong>Value-Add Opportunity: </strong>Opportunity to add two additional units, increasing revenue potential and profitability</li><li><strong>Vacancy Rate: </strong>Currently maintaining a low vacancy rate of just 10%</li><li><strong>Prime Location:</strong> Situated in the heart of Houston, Texas, with proximity to the Medical Center, Houston Zoo, University of Houston, Memorial Park, Galleria, and Downtown Houston</li><li><strong>Fully Furnished:</strong> The entire property is furnished with modern furniture, ready for immediate occupancy</li><li><strong>On-Site Amenities:</strong> Great value-add amenities for guests, including assigned parking, a communal laundry room with two washers and two dryers, a fire pit, and a BBQ area</li><li><strong>Turnkey Investment:</strong> No major renovations or maintenance required--starting earning and generating cash flow from day one</li></ul>
Market Competition and Expansion:
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity