For Sale
$775,000

1919 Avenue L 1/2Huntsville, TX 77340

Five homes, prime location, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity encompasses a portfolio of five single-family homes situated on a 0.97-acre lot in Huntsville, Texas, near Sam Houston State University. Priced at $775,000 ($155,000 per unit), this property offers immediate cash flow from its existing rental income. The portfolio benefits from its proximity to Sam Houston State University, one of Texas' fastest-growing colleges, ensuring consistent tenant demand. The location also provides easy access to retail, restaurants, and parks, further enhancing its appeal. An additional undeveloped lot presents a significant opportunity for expansion, allowing for increased rental income or individual property sales. The property boasts city utilities, including 6-inch sewer lines along both street frontages and a 12-inch water line on 20th Street, as well as a 6-inch line on Ave L 1/2. The current zoning permits multiple uses, providing flexibility for future development. Within a 5-mile radius, the area boasts a total population exceeding 51,000 and a daytime population exceeding 48,000, reflecting a robust and growing market. Average household income within this radius surpasses $65,000, indicating strong rental potential. This is a rare chance to acquire a well-positioned, income-generating property with substantial growth potential in a thriving Texas market. Don't miss this chance to capitalize on this lucrative investment.

Property Details for 1919 Avenue L 1/2

Property type
Residential income homes
Lot Size (sq. ft)
42,253 SF
Units
5

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.7134136
Longitude
-95.5524237
1919 Avenue L 1/2, Huntsville, Texas

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1919 Avenue L 1/2
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