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15 units for $76,660 per door in Houston? Yeah, investors need to look at this one. This bank-owned, value-add multifamily opportunity is listed at $1,149,900 and offers: 15 total units 8.6% current cap rate 10.44% pro forma cap rate 66% occupancy $120,000 projected pro forma NOI Approximately $400,000 in projected upside Single-story layout with on-site parking Convenient access to the Medical Center, Downtown, NRG, Highway 288, Loop 610, and I-45 This is not a sit-back-and-do-nothing deal. This is a buy it, improve it, lease it up, and increase the value type of play. Serious buyers only. A signed representation agreement and proof of funds will be required before receiving additional financials or scheduling a tour. Email keeholdsthekey@gmail.com for more information and buyer representation. Brokered by Real Broker LLC. Property information believed to be accurate but not guaranteed. Listing courtesy of the respective listing broker. Buyers should independently verify occupancy, rents, expenses, condition, projected NOI, renovation costs, and all investment assumptions. #HoustonMultifamily #ApartmentInvesting #ValueAddRealEstate #HoustonInvestors #CommercialRealEstate