Income producing property offering substantial depreciation tax benefits in the booming neighborhood of Washington Terrace. This area has shown double digit percentage growth and strong rental demand over the past year. Consistently occupied with short-term tenants at a 9.6% cap rate. This completely renovated, fully furnished home features 8 bedrooms, 8 bathrooms, office, two living rooms, washer/dryer, and sleeps up to 23 guests. Fully fenced yard with long driveway for multiple vehicles plus an above ground pool to beat the Houston heat. Conveniently located within a few blocks of local restaurants and less than 10 minutes from Texas Medical Center, downtown, sports stadiums, and major universities. This turnkey property is a great choice for both new and seasoned investors looking to combine income generation with tax efficiency.
Property Type(s):
Single Family
SCHOOLS
| Elementary School |
Lockhart Elementary School |
| Jr. High School |
Cullen Middle School (Houston) |
| High School |
Yates High School |
Additional Details
| AIR |
Ceiling Fan(s), Electric |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer |
| AREA |
4 |
| CONSTRUCTION |
Batts Insulation, Brick, Cement Siding |
| GARAGE |
Yes |
| HEAT |
Electric |
| INTERIOR |
Breakfast Bar, Entrance Foyer, High Ceilings, Kitchen Island, Pantry, Smart Thermostat, Walk-In Closet(s) |
| LOT |
5776 sq ft |
| LOT DESCRIPTION |
Back Yard, Subdivided |
| PARKING |
No Garage, Driveway, Gated |
| POOL |
Yes |
| POOL DESCRIPTION |
Above Ground |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Traditional |
| SUBDIVISION |
Washington Terrace |
| TAXES |
14276 |
| WATER |
Public |
Location
Listed with CB&A, Realtors
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