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9202 ASHVILLE DR
HOUSTON, TX 77051-3202
Asking Price
$900K
Asset Type
Commercial Hospitality
Class
Class B
What's Special
Multi Purpose Property on Reed Road and Ashville Driver in Houston, TX <p><span style="color: rgba(6, 34, 57, 1)">These are three adjacent properties. 9202 Ashville Dr sits on the corner of Ashville and Reed Rd, a very busy intersection. 9202 Ashville is a nearly 1,000-sq ft restaurant leasing for $2,000/month. The adjacent property, 0 Ashville Dr. is a 7755 sq ft vacant lot, lots of potential to add another building. The 3rd property sits next to the vacant lot and is a 2772 sq ft building being used as an elderly care facility for men. The owner manages that pro
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NOI
$80,000
Cap Rate
8.89%
DSCR
1.50
Strong
Cash-on-Cash
9.84%
Monthly Payment
$4,452.709
Annual Cash Flow
$26,567.493
