7721 Sherman Street
Houston, Texas, 77012
$ 260,000
6 Beds
N/A Full Baths
Home 3,200 sq. ft.
Lot 5,000 sq. ft.

7721 Sherman Street , Houston, Texas, 77012

DID NOT FLOOD*. Priced under market value to sell quickly AS-IS. Investors, landlords, do-it-yourself-ers. Investor/Landlord special. All 6 units are 1bed /1bath . 100% Tenant occupied. 4 tenants are long term and are paying $565/month. Two newer tenants are paying $700 and $650.Older tenants have agreed for rent increase from May 1st to $650.Current leased rates gross income is $43,320 and Net operating income is $27,980.11 cap rate. May 2019 on wards gross rents will be $46,000.Roof replaced in 2016 and all exterior painted and siding replaced last year. Two kitchens are updated.SOLD AS -IS, Fully rented and livable but its an old building and can use some TLC.Foundation work is required. All bills paid. Gas is $125. Water is $125-150 and electricity is $200-$400 a month.

ADDRESS

Street Address
7721 Sherman Street
City
Houston
State
Texas
Zip
77012
County
Subdivision
Magnolia Park Sec 02
Geo Market Area
East End Revitalized

ADDITIONAL DETAILS

Price
$ 260,000
Bedrooms
6
Garages
N/A
Home (Sq Ft)
3,200
Legal Descr.
MLS#
79003387
Type
N/A
Lot (Sq Ft)
5,000
Bathrooms
N/A Full
Year Built
1930
Listing Status
Unavailable
Style
N/A
List Type
Exclusive Right to Sell/Lease

Interior And Exterior Features

Dishwasher
no
Fireplaces
N/A
Heating
Space Heater
Microwave
no
Roof
Composition
Disposal
N/A
Cooling
Window Units
Icemaker
no
Foundation
N/A
Interior
N/A
Exterior
N/A

SCHOOLS

Elementary
GALLEGOS ELEMENTARY SCHOOL (HOUSTON)
Middle
EDISON MIDDLE SCHOOL
High School
MILBY HIGH SCHOOL
$260,000
7721 Sherman Street
Houston, Texas, 77012