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3121 & 3123 Isabella 3121 Isabella St 8 Unit Apartment Building $639,000 ($79,875/Unit) Houston, TX 77004

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INVESTMENT HIGHLIGHTS

Fully Occupied
Conveniently located

Recently Updated

EXECUTIVE SUMMARY

8 Units all 1 bedroom 1 bath room. 2 buildings each with 4 units.

3121 Isabella - Rent Roll

3121 Isabella - Income Statement

FINANCIAL SUMMARY (ACTUAL - 2022)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$74,865	$18.57
Other Income	$3,203	$0.79
Vacancy Loss	-	-
Effective Gross Income	$78,068	$19.36
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$29,832	$7.40
Net Operating Income	$48,236	$11.96

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual	$74,865
Annual Per SF	$18.57

Other Income
Annual	$3,203
Annual Per SF	$0.79

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$78,068
Annual Per SF	$19.36

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$29,832
Annual Per SF	$7.40

Net Operating Income
Annual	$48,236
Annual Per SF	$11.96

PROPERTY FACTS

Price	$639,000	Building Class	C
Price Per Unit	$79,875	Building Size	4,032 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	8	No. Stories	2
Property Type	Multifamily	Year Built	1946
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Garden

Price	$639,000
Price Per Unit	$79,875
Sale Type	Investment
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Building Size	4,032 SF
Average Occupancy	100%
No. Stories	2
Year Built	1946
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	8	$850.00	-

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Bike Score®

Very Bikeable (76)

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PROPERTY TAXES

Parcel Number	0611680350012	Improvements Assessment	$126,750 (2024)
Land Assessment	$75,675 (2024)	Total Assessment	$202,425 (2024)

PROPERTY TAXES

Parcel Number

0611680350012

Land Assessment

$75,675 (2024)

Improvements Assessment

$126,750 (2024)

Total Assessment

$202,425 (2024)

(713) 523-7402

CONTACT

Gerald Womack
Womack Development & Investment

Listing ID: 29177864
Date on Market: 8/3/2023
Last Updated:
Address: 3121 Isabella St, Houston, TX 77004

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