Houston, TX 77022 618 E 40th Street, Unit 5
$800,000
13 more
Presented By: Joseph Walter Realty, LLC;
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 4,200
Home Details
Welcome to your next investment. Located in the vibrant and rapidly evolving Independence Heights neighborhood of Houston, this impressive 5-unit apartment complex offers a unique and rare opportunity for an investor to add a turnkey-cash-flowing property to their portfolio.
Located less than 10 min from Downtown Houston, this property benefits from the neighborhood's burgeoning growth and revitalization. Independence Heights is renowned for its blend of historic charm and modern development with new construction on almost every street.
Each of the five units has been thoughtfully designed to maximize space and comfort. The project has completed a full gut remodel in 2023 with new MEP's, new floors, energy-efficient windows, tankless water heaters, stainless steel appliances, and new roof. Each unit also comes standard with a washer/dryer. Seller will pay for a new resurfaced asphalt driveway upon sale.
Presented By: Joseph Walter Realty, LLC;
Interior Features for 618 E 40th Street, Unit 5
Bathrooms
Total Baths0.00
Other Interior Features
Microwave1
Unit Count1
Sq Ft Total4200
Sq Ft SourceAppraisal District
Cool SystemCentral Electric
Dishwasher
Disposal1
FloorsConcrete
Unit FeaturesFenced Area
General for 618 E 40th Street, Unit 5
Census Tract5303
CityHouston
CountyHarris
DOM51
DirectionsFrom downtown Houston, TX - Get on I-45 N, use the right 2 lanes to take exit 51 to merge onto I-610 W for 1.0 Mile. take exit 16 toward N Main St./Yale st. Merge onto N Loop W Fwy/ North Loop then t
DisclosuresSellers Disclosure
Elementary SchoolBURRUS ELEMENTARY SCHOOL
EnergyCeiling Fans, Digital Program Thermostat, Energy Star Appliances, Energy Star/CFL/LED Lights, Insulated/Low-E windows, Insulation - Blown Fiberglass, Tankless/On-Demand H2O Heater
Fee Other
Finance AvailableCash Sale, Conventional, Investor, Owner Financing
Geo Market AreaNorthwest Houston
HeatingCentral Electric
High SchoolWASHINGTON HIGH SCHOOL
List TypeExclusive Agency to Sell/Lease
Maintenance Fee Y/N
Middle SchoolWILLIAMS MIDDLE SCHOOL
Misc FeaturesFire/Smoke Alarm, Private Entry, Walk to Transportation, Washer/Dryer Connections
New Construction0
OccupancyUnder 10% Vacancy
Property TypeMulti-Family
RestrictionsNone
RoofComposition
School District27 - Houston
StatusActive
Stories1
Sub Type5 Plus
SubdivisionIndependence Heights School
Tax Rate2.0148
Tax Year2023
Unit Number5
Unit Total5
UtilitiesCable, Electric, Gas, Water
Year Built1972
Yearly Taxes5607
Exterior for 618 E 40th Street, Unit 5
Lot DescriptionOther
Lot Size9000
Lot Size SourceAppraisal District
Parking UnitOne
SidingBrick, Cement Board
Additional Details
Price History
Schools
High School
Washington High School
Elementary School
Burrus Elementary School
Middle School
Williams Middle School
