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510 & 516 N Everston St 516 N Everton St 4 Unit Mobile Home Park $499,900 ($124,975/Unit) 8% Cap Rate Houston, TX 77003
Investment Highlights
- Rare opportunity to acquire two side-by-side properties in the rapidly developing EaDo/Greater East End area near Downtown Houston.
- Long-term investment in a high-growth area
- Excellent opportunity for investors, builders, developers, or buyers seeking a redevelopment or large renovation project
Executive Summary
Rare opportunity to acquire two side-by-side properties in the rapidly developing EaDo/Greater East End area near Downtown Houston. 9500 Sqft lot! The sale includes 510 N Everton St and 516 N Everton St, each featuring a main house plus a detached additional unit. Existing improvements are in distressed condition and require significant repairs and updating, making this an excellent opportunity for investors, builders, developers, or buyers seeking a redevelopment or large renovation project. Ideal potential for new construction, income-producing redevelopment, or long-term investment in a high-growth area with convenient access to Downtown Houston, major freeways, restaurants, entertainment, and nearby commercial development.
Property Facts
| Price | $499,900 | Building Class | C |
| Price Per Unit | $124,975 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,952 SF |
| Cap Rate | 8% | Average Occupancy | 0% |
| Sale Condition | REO Sale | No. Stories | 1 |
| No. Units | 4 | Year Built | 1938 |
| Property Type | Multifamily | Parking Ratio | 2.71/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Zoning | n/a | ||
| Price | $499,900 |
| Price Per Unit | $124,975 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | REO Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,952 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1938 |
| Parking Ratio | 2.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | n/a |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,092 |
| 1+1 | 1 | - | 512 |
| 3+1 | 1 | - | 948 |
| Studios | 1 | - | 400 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
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510 & 516 N Everston St | 516 N Everton St
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