Shopping Strip
3749 Erie St
3749 Erie St, Houston, TX 77017
Listing Price: $670,000
Investment Overview
The subject property is a 6,690 square foot building suited on 0.30 acres of land. Currently fitted with six total units, three units occupied by tenants and one unit occupied by owners, total occupancy being 68.8%. Rental rates are below market value with sales price per square foot also being below the market average of $197. This is a great value add opportunity for investors seeking to lease up a building with upside potential. The property fronts 58' on Erie St and 188' on Kingsley St. The subject property is located in the Southeast region of Houston, due to the submarket's generally older inventory, average pricing trends are significantly lower than the Houston metro average, making cap rate trends a bit higher.
Exclusively Listed By
Financing By
Listing Price: $670,000
Investment Highlights
- Value Add – Opportunity to Fully Lease Up
- Frontage view of I-45
- Within Three Miles, Population 131,601 and AHHI is $56,302
- Located 3 miles North of Hobby Airport
Investment Overview
The subject property is a 6,690 square foot building suited on 0.30 acres of land. Currently fitted with six total units, three units occupied by tenants and one unit occupied by owners, total occupancy being 68.8%. Rental rates are below market value with sales price per square foot also being below the market average of $197. This is a great value add opportunity for investors seeking to lease up a building with upside potential. The property fronts 58' on Erie St and 188' on Kingsley St. The subject property is located in the Southeast region of Houston, due to the submarket's generally older inventory, average pricing trends are significantly lower than the Houston metro average, making cap rate trends a bit higher.
Exclusively Listed By
Financing By
