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Off-Market 15 Unit Boutique Motel Ready for Airbnb! Only $37K Per Unit! 1118 Homer St. Houston, TX. 77091 Houston

$560,000
Property type:Rehab Off-Market
Area (Sq Ft)
4853

The space

  • Land Size: 9440 Sq Ft
  • Year Built: 1963

Amenities

  • Laundry
  • Office

Description

Off-Market Boutique Motel Ready for Airbnb!

Looking for a promising investment opportunity? Consider this 15-unit boutique motel, primed for Airbnb use at just $37K per unit, with an estimated ARV of $1.2M!

Get in Touch: Contact Rico at rico@sanmore.com or (713) 885-1292 for inquiries or showings.

Purchase Details:

  • Price: $560K
  • Initial Investment: As low as $39K to closing.
  • Financial Projections: Expect loan rehab reserves up to $125K, contingent upon appraisal, with a potential net worth increase of over $175K!

✨ Property Highlights ✨ Discover the prime features of this property:

15 Units in One Building: An efficient layout comprising one 700 sqft. 2-bed x 2-bath apartment/office and 14 motel rooms, each equipped with a full bath. Amenities include security cameras, parking, and a laundry room.

🌟 Location Benefits 🌟

  • Convenient commute to the Medical Center and Downtown Houston.
  • Out of the flood plain.

Why Invest in Acres Homes? Explore the compelling reasons to invest:

Investment Potential: Benefit from strong ROI potential due to increasing property values.

Meeting Housing Demands: Address the rising demand for affordable, quality housing in Houston by repurposing this motel into a multifamily complex. Enjoy modern amenities, spacious units, and convenient access to essential services.

Community Enhancement: Contribute to neighborhood revitalization by transforming this old motel into a modern multifamily complex. Enhance safety, appeal, and community cohesion.

Lastly, Explore This Opportunity 🏡

  • Check out our detailed listing here .
  • Discover more opportunities at Sanmore.com.

Invest wisely. Contact Rico today at rico@sanmore.com or (713) 885-1292 for more information and to schedule a showing!