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Attention investors or someone who wants to get into the rental market. This listing is for three separate condos in the same complex. They are all rented. There is never an issue with the units staying rented. The location is perfect for students attending graduate school in the medical center. The units have been updated with new countertops and windows and patio doors. The current cap rate in between 6 and 8%. The complex does a great job with continually improving the property through the funds collected. The complex is gated and guarded. There are two pools with tennis courts. There is a club house with staff there during the week. The landscaping is absolutely beautiful. All three units to be sold together. This complex is very strict and will not allow any short-term leasing. If you know the area, you can go a couple of blocks in towards the medical center and the price goes up exponentially.

Property Details of 2120 El Paseo Street 2204, Unit 2204

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Listed by Jeffrey Clark of JPAR Houston

Based on information submitted to HAR MLS as of December 9, 2023 11:39 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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