1849 W Main St Unit 15, Houston, TX 77098
- $2,500,000
- 10,100
- SqFt
- List Price
- $2,500,000
- Status
- ACTIVE
- MLS#
- 70116432
- Price Change
- ▼ $140,000 1770952042
- Days on Market
- 335
- Unit
- 15
- Year Built
- 1940
- Living Area
- 10,100
- Lot Size
- 12,500
- Lot Size Source
- Appraiser
- Subdivision
- Montlew Place
- Region
- 16
- Market Area
- Montrose
- County
- Harris
Property Description
Well-maintained 15-unit apartment complex on a valuable corner lot in a rapidly improving neighborhood, offering strong current income and long-term upside. The property includes two 4-plex buildings (1940) and a 7-unit garden-style building (1962), with a total of 10,800 SF and an average of 720 SF per unit. Amenities include on-site laundry, three garage units, two storage rooms, and ample parking. All units feature central AC; the front buildings have been repiped with PEX plumbing and individual shut-offs. Recent improvements include new roofs (2020), electrical upgrades (2021), resurfaced parking lot (2021), multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters. Certificate of Occupancy was renewed in 2021. With over $100K in recent capital improvements, steady tenant demand, and prime location, this turnkey investment provides immediate cash flow and future growth potential.
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Additional Information
- Finance Available
- Cash, Conventional, Other
- Neighborhood
- Montlew Place
- Interior Features
- Butcher Block Counters, Ceiling Fans
- Heating
- Central, Natural Gas
- Cooling
- Central Air, Electric
- Stories
- 2
- Utilities
- Electricity Available, Natural Gas Available, Water Available
- Lot Description
- Subdivision
- Appliances
- Dishwasher, Refrigerator
- Roof
- Composition
- School District
- Houston
- Elementary School
- Poe Elementary School
- Middle School
- Lanier Middle School
- High School
- Lamar High School (Houston)
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Listing courtesy of Boulevard Realty.