For Sale
$215,000

910 Avenue JHuntsville, TX 77320

1,560 SF, 11.16% Cap Rate, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property at 910 Avenue J, Huntsville, TX 77320, presents a compelling investment opportunity. The 1,560 square foot building, constructed in 1935 and completely renovated in 2024, boasts a desirable Downtown/Mixed Use zoning designation within Walker County. Currently operating as a tenant-occupied apartment building, creative office space, and student housing, it offers a diverse income stream. The property features a single tenant under a gross lease agreement, commencing July 15, 2024, and expiring July 1, 2025, with a remaining lease term of 0.6 years. The asking price is $215,000, translating to a price per square foot of $137.82 and an attractive 11.16% cap rate, based on a Net Operating Income (NOI) of $24,000. Improvements include fresh paint throughout, complete kitchen and bathroom remodels, upgraded windows, and a four-year-old roof. Exterior features include a fully fenced backyard, a storage shed, and a carport. The 0.166-acre lot encompasses a two-story building. The property's strong cash flow potential, coupled with its recent renovations and prime location, makes it an ideal addition to any investment portfolio. Occupancy is scheduled for July 15, 2024. The property's APN is 29916.

Highlights

  • Exceptional mixed-use property in Huntsville, TX, offering a diverse income stream.
  • 1,560 sq ft building, completely renovated in 2024, on a 0.16-acre lot.
  • Downtown/Mixed Use zoning in Walker County.
  • Currently tenant-occupied with a gross lease expiring July 1, 2025.
  • Asking price: $215,000 ($137.82/sq ft), 11.16% cap rate based on $24,000 NOI.

Property Details for 910 Avenue J

Property type
Office properties, Office space
Square Feet
1,560 SF
Year Built/Renovated
1935/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
7,231 SF

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.7260201
Longitude
-95.5491405
910 Avenue J, Huntsville, Texas

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910 Avenue J
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