$340,000
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5514/5516 Deep Forest DR Houston, TX 77092
3 Beds
2 Baths
3,215 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,215 sqft
Price per Sqft $101
Subdivision Forest West
MLS Listing ID 56590537
Sold Date 06/07/22
Bedrooms 3
Full Baths 2
HOA Fees $16/ann
Year Built 1968
Annual Tax Amount $5,339
Tax Year 2021
Lot Size 8,510 Sqft
Property Description
Real estate investors, here is a real deal! 6 Bed, 5 bath. 3 bed, 2.5 bath, 1607 SF each side. Plenty of room for two families.
5516 was renovated a year and a half ago. A fresh coat was painted throughout the entire duplex. Every cabinet, every ceiling, every door. We did not miss a spot. New vanities. New ceiling fans. New plumbing fixtures. New shower tile. New cabinet and door hardware. New appliances. Money spent on electrical. I could go on!
5514 was renovated 4 months later in nearly the exact same fashion.
This duplex is just north of Oak Forest in a deed restricted neighborhood. Great accessibility to 290, I10 and 610.
The rent is below market, there is still some value add potential and this area will continue to appreciate. Rental analysis shows a good cap rate & CoC. Realistic analysis, not some fictional pro-forma!
This unit will go fast, so don't fail to act quickly!
Location
State TX
County Harris
Area Oak Forest West Area
Interior
Heating Central Electric
Cooling Central Electric
Exterior
Roof Type Composition
Building
Story 2
New Construction No
Schools
Elementary Schools Wainwright Elementary School
Middle Schools Clifton Middle School (Houston)
High Schools Scarborough High School
School District 27 - Houston
Others
HOA Fee Include Recreational Facilities
Restrictions Deed Restrictions
Tax ID 096-559-000-0027
Acceptable Financing Cash Sale, Conventional, FHA, VA
Tax Rate 2.3307
Disclosures Sellers Disclosure, Tenant Occupied
Listing Terms Cash Sale, Conventional, FHA, VA
Financing Cash Sale,Conventional,FHA,VA
Special Listing Condition Sellers Disclosure, Tenant Occupied
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Nicholas Chambers
Global Real Estate Advisor & Territory Manager | License ID: 600030
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