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Opportunity to acquire a recently stabilized, fully occupied 10-unit multifamily property offering immediate in-place cash flow and an established operating history. Following its recent stabilization, the property is generating approximately $122,800 in annualized rental income and approximately $75,600 in annualized NOl, based on January through July 2026 operations. Investment Highlights: Utility reimbursement upside: Ownership currently absorbs certain utility costs, including water, creating an opportunity for a new owner to implement a Ratio Utility Billing System (RUBS). 100% occupied.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 9/1/2026 |
|---|---|---|---|
| TRACT | Kashmere Gardens | YEAR BUILT | 1973 |
| COMMUNITY | 2 | COUNTY | Harris |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Kashmere Gardens Elementary School |
|---|---|
| Jr. High School | Key Middle School |
| High School | Kashmere High School |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher |
| AREA | 2 |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| LOT | 0.3444 acre(s) |
| PARKING | Paved |
| STORIES | 2 |
| SUBDIVISION | Kashmere Gardens |
| TAXES | 13854 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Sarah Virani
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