Building Details:
• Year Built: 1950
3435 Rosedale St is located in Houston, TX.
A 14.6% ROI based on Actual Rents & Expenses and 100% collected Utilities via RUBS.
Renovated over 7 months, all 5 units got extensive rehab. The 2 front Duplexes got new Kitchens, new Plumbing and Electrical in kitchens and bath, new double pane Windows, new Paint interior/exterior, and all hard woods on both floors were reconditioned, sanded and varnished. Plus much more including R-20 attic insulation.
The back 3 unit Building was completely renovated including new exterior wood siding, painting, interior studs, complete plumbing and electrical, new bathrooms and kitchens, laminate floors, doors, a/c etc etc.
Rents range from $1.37 or $550 for the smallest 400sqft 1bedroom/1bath unit to $1.04 or $1250 for the largest 1200 sqft 2 story Duplex.
Leases are one year expiring in September of 2013. Property is centrally located minutes from the Benz area between the Medical center, Midtown/Montrose and Downtown.
Tenants are all professionals.
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