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MGM | Real Estate Professionals
5017 Mallow St, Houston, TX 77033
- $720,000
- 14
- BD
- 7
- BA
- 5,550
- SqFt
- List Price
- $720,000
- Status
- ACTIVE
- MLS#
- 59254079
- Days on Market
- 1
- Year Built
- 1965
- Bedrooms
- 14
- Bathrooms
- 7
- Full-baths
- 7
- Living Area
- 5,550
- Lot Size
- 25,200
- Lot Size Source
- Survey
- Subdivision
- Sunnyside Gardens
- Region
- 3
- Market Area
- Medical Center South
- County
- Harris
Property Description
Great investment opportunity! This fully renovated multifamily property features 7 units across two duplexes and one triplex, with each unit offering a spacious 2-bedroom, 1-bathroom layout and modern updates throughout. Recent exterior improvements include a new roof, new gutters, and more. A survey is available for review. Currently, 6 of the 7 units are occupied, providing immediate rental income with additional upside potential. At full occupancy, the property has the potential to meet the 1% rule based on current rental rates, with significant room for rental growth, as current rents are below comparable properties in the area. Located in a rapidly developing neighborhood with ongoing new construction, this property offers excellent long-term investment potential. The adjacent lot is also available for purchase, creating additional opportunities for future development or expansion.
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Additional Information
- Finance Available
- Cash, Conventional, Investor Financing, Other
- Taxes
- $11,275
- Neighborhood
- Medical Center South
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Stories
- 1
- Utilities
- Cable Available, Electricity Available, Water Available
- Roof
- Other
- School District
- Houston
- Elementary School
- Woodson Elementary School
- Middle School
- Thomas Middle School
- High School
- Worthing High School
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Listing courtesy of Walzel Properties - Katy.