910 Avenue JHuntsville, TX 77320

Property Details for 910 Avenue J

Year built

1935

Lot size

0.17 AC

Property size (Sq ft)

1,560 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Huntsville

County

Walker

State

Texas

Latitude

30.726

Longitude

-95.5491

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