Exclusive to Marques Not on the MLS
Northeast Houston 12-Door Portfolio
Six newly constructed duplexes, 12 units in all, in Northeast Houston, offered as one portfolio or as individual duplexes at $355,000 each. $21,675 a month is collected today, which is more than $260,100 in annual gross rent. Separate water and electric meters, low taxes and insurance, and minimal maintenance, with no renovation or lease-up period.
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- Price
- $2,130,000
- Rent / month
- $21,675
- Gross yield
- 12.2%
The details
- Property type
- Multifamily portfolio
- Annual gross rent
- $260,100
- Income basis
- Leased (see lease status)
- Units
- 12
- Completed
- Built 2024 to 2025
- Lease status
- 100% occupied, leases in place through 2027
How to read these numbers. Gross yield is annual gross rent divided by price, before vacancy, taxes, insurance and other expenses. It is not a net return or a cash-on-cash return. Property taxes and insurance are estimates. To see net operating income and cash flow on your own assumptions, use the rental calculator.
Investment disclaimer. All figures are estimates supplied by sellers and builders, are not guaranteed and may change without notice. Nothing on this site is financial, tax or legal advice. Buyers should independently verify all information before purchasing.
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