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1408 HUGHES ST
HOUSTON, TX 77023
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
<ul><li>Highly favorable assumable loan at a 4.53% interest rate, with interest-only payments through September 2029.</li><li>Recently renovated units featuring upgraded countertops, stainless steel appliances, and luxury vinyl flooring throughout.</li><li>Stabilized asset in a prime central location with convenient access to downtown, the Medical Center, and the Museum District.</li><li>Opportunity to add in-unit washer/dryer connections across all units, creating a meaningful rent-premium
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
