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3121 & 3123 Isabella 3121 Isabella St 8 Unit Apartment Building $475,000 ($59,375/Unit) Houston, TX 77004
INVESTMENT HIGHLIGHTS
- Fully Occupied
- Conveniently located
- Recently Updated
EXECUTIVE SUMMARY
8 Units all 1 bedroom 1 bath room. 2 buildings each with 4 units.
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 | $475,000 | Building Class | C |
| Price Per Unit | $59,375 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 4,032 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1946 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $475,000 |
| Price Per Unit | $59,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,032 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $850.00 | - |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $277,720 (2025) | |
| Land Assessment | $178,500 (2025) | Total Assessment | $456,220 (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$178,500 (2025)
Improvements Assessment
$277,720 (2025)
Total Assessment
$456,220 (2025)
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3121 & 3123 Isabella | 3121 Isabella St
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