116 Frawley ST Active Save Request In-Person Tour Request Virtual Tour
Houston,TX 77009
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,643 sqft
Price per Sqft $150
Subdivision Bradley White Oak Blk 1 2
MLS Listing ID 33059177
Bedrooms 2
Full Baths 1
Year Built 1935
Annual Tax Amount $7,242
Tax Year 2023
Lot Size 5,250 Sqft
Property Description
Excellent investment opportunity, combining both a single-family home and three separate rental units.
Main Home: 2 beds / 1 bath, currently rents for $1,250/month. Apartments: Three 1 bed / 1 bath units, each rented separately. Total Rental Income is $3,950/month (main home & all three units combined).
Electric: Separate meters for the main house and garage apartments. Tenants of the main home pay for their own electricity, while the owner covers utilities for the garage apartments.The area is currently undergoing gentrification, with increasing property values, new construction, and charming homes being built in every direction.This property is close to major highways (I-45, 610, I-10, Hardy Tollway) and within walking distance of White Oak Music Hall, providing convenient access to entertainment. This property could be a solid long-term investment with existing cash flow & potential upside in utility bill backs, plus the added benefit of being in an appreciating neighborhood.
Location
State TX
County Harris
Area Northside
Interior
Heating Central Gas
Cooling Central Electric
Flooring Tile,Wood
Exterior
Roof Type Other
Accessibility Driveway Gate
Parking Type Driveway Gate
Building
Faces North
Story 2
Unit Features Fenced Area
New Construction No
Schools
Elementary Schools Jefferson Elementary School (Houston)
Middle Schools Marshall Middle School (Houston)
High Schools Northside High School
School District 27 - Houston
Others
Senior Community No
Restrictions Unknown
Tax ID 057-142-000-0008
Acceptable Financing Cash Sale,Conventional,FHA,Investor
Tax Rate 2.0148
Disclosures No Disclosures,Tenant Occupied
Listing Terms Cash Sale,Conventional,FHA,Investor
Financing Cash Sale,Conventional,FHA,Investor
Special Listing Condition No Disclosures,Tenant Occupied