Small apartment building with big potential

Great built-in potential to increase your return on investment * Most of the work has been done on 3 studio units upstairs * Studios need finishing out and Certificate of Occupancy to start leasing * Four 2/1 and one 3/2 units have separate central A/C units and water heaters * Each downstairs unit has a front porch and back yard * Apartments have refrigerators, stoves, blinds and ceiling fans * Close to shopping, food, and services * Easy access to IH-10 and Loop 410 in a growing, improving area * The five existing units are 100% occupied

This property offers the opportunity to add about $950 monthly rental income. Engineer's 2009 estimate for remaining work to obtain a Certificate of Occupancy was in the upper $30Ks. Sellers are dissolving their partnership, so have decided not to continue finishing out the 3 upstairs units.

The property tax assessment reflects only the square footage of the original three apartments, built in 1998.