8019 Richards is an ideal warehouse/apartment building for investors looking for stable income and owner occupiers wanting additional storage space in the East Houston submarket. The building boasts 6,750 sq ft on a 0.23 acre lot and is fully leased with existing in-place income on the apartments and warehouses units.
The building is also a lucrative opportunity for investors looking to enter the increasingly popular East Houston submarket. The property is located in a low risk flood plain (Flood Zone X) and also sits in an Opportunity Zone, which provides benefits for long-term investors. The building’s in-place income, ideal location, and solid structure offer an appealing investment opportunity at attractive capitalization rates.
Asking price is $625,000. Please contact Broker for more information and tours at the property.
