2341 Eagle StHouston, TX 77004

Property Details for 2341 Eagle St

Year built

2023

Property size (Sq ft)

1,728 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a fully furnished, income-producing vacation rental property located in the heart of Houston, Texas. Built in 2023, this three-story, Class B multifamily property boasts 1,728 square feet of net rentable space, currently operating as a highly successful Airbnb rental. The property's prime location in the 77004 zip code places it within easy reach of major attractions, including sports stadiums, the Houston Medical Center, the Convention Center, and numerous entertainment venues in Downtown Houston. The property has achieved a Superhost rating on Airbnb, demonstrating its consistent appeal and high occupancy rates, particularly on weekends. With a strong net operating income (NOI) of $55,000 and an attractive cap rate of 11.46%, this property offers a compelling return on investment. The asking price is $480,000, translating to a price per square foot of $277.78. The property is currently accepting guests, and the occupancy date is October 28, 2024. This turnkey operation is ideal for an investor seeking a high-yield, low-maintenance vacation rental property in a vibrant urban setting. However, prospective buyers should be aware that successful management requires time and/or experience in the vacation rental market.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7284

Longitude

-95.3704

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