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1603 Airline Drive
Houston, TX 77009
Asking Price
$1.70M
Cap Rate
13.27%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Multi-Building Commercial Investment Opportunity in Houston Heights <p></p><ul><li><strong>Rare opportunity</strong> in a prime Heights-area / Near Northside corridor near Downtown Houston</li><li>Approximately <strong>10,000 SF lot</strong></li><li><strong>Three separate structures</strong> totaling approximately <strong>5,400 SF</strong></li><li><strong>Currently occupied and operational</strong></li><li>Approximately <strong>10 on-site parking spaces</strong></li><li>Flexible configuration with appeal for <strong>investors, owner-users, or redevelopment
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NOI
$80,000
Cap Rate
4.72%
DSCR
0.79
Underwater
Cash-on-Cash
-4.06%
Monthly Payment
$8,385.935
Annual Cash Flow
$-20,631.222
