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9849 Mesa Dr, Houston, TX 77078

$1,200,000
: 2
BD
: 1
BA
: 8,490
SqFt

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List Price: $1,200,000
MLS#: 73391844
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1960
Bedrooms: 2
Bathrooms: 1
Living Area: 8,490
County: Harris
Area: 2
City: Houston
Subdivision: Smiley Place Sec 01

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Property Description

Excellent value-add investment opportunity in a developing pocket of Northeast Houston. This 15-unit property features 10 studio apartments along with 1-bedroom and 2-bedroom layouts, situated on an expansive 19,274 square foot lot. The property is fully occupied on stable short-term and month-to-month leases, providing immediate cash flow on day one. Strong upside potential through targeted renovations to align with rising neighborhood rents, or full redevelopment leveraging the large lot footprint. New construction is active in the immediate surrounding area. Tenant occupied—please do not disturb occupants.

214-641-4491

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Additional Information

Unexempt Taxes: $12,343
Lot Size: 19,274
Roof: Other
Stories: 2
School District: Houston
Elementary School: Hilliard Elementary School
Middle School: Forest Brook Middle School
High School: North Forest High School