116 Frawley Street Houston 77009

$399,000

Bradley White Oak Blk 1 2MLS: #33059177

17 days, 20 hours, 10 minutes on market

  • 2

    Beds
  • 1

    Baths
  • 2643

    Sq. Ft.
StatusActive
Year Built1935
CountyHarris
FlooringTile, Wood
Lot Size
Parking
Total Stories2
CoolingCentral Electric
School District27 - HoustonSchoolJEFFERSON ELEMENTARY SCHOOL (HOUSTON)
Fireplace

YOUR SPECIALIST

Adrienne WilsonLicensed Real Estate Salesperson
Call832-287-6737

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Property Details

Excellent investment opportunity, combining both a single-family home and three separate rental units. Main Home: 2 beds / 1 bath, currently rents for $1,250/month. Apartments: Three 1 bed / 1 bath units, each rented separately. Total Rental Income is $3,950/month (main home & all three units combined). Electric: Separate meters for the main house and garage apartments. Tenants of the main home pay for their own electricity, while the owner covers utilities for the garage apartments.The area is currently undergoing gentrification, with increasing property values, new construction, and charming homes being built in every direction.This property is close to major highways (I-45, 610, I-10, Hardy Tollway) and within walking distance of White Oak Music Hall, providing convenient access to entertainment. This property could be a solid long-term investment with existing cash flow & potential upside in utility bill backs, plus the added benefit of being in an appreciating neighborhood.

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