UNIVERSITY QUADPLEX: Exceptional Investment Opportunity at 2706 Canfield, Houston! Priced for Lot Value!
Discover the potential in the heart of Houston with 2706 Canfield, Situated on a 5,000 sqft lot blocks away from University of Houston Central Campus. Located closer to I-45 and walking distance to the Metro Rail Elgin/Third Ward station. Tons of New construction in the area, drive by to see the possibilities. The subject property is home to a quadplex with 4 units. 2 of which are occupied & paying appx $800/month. The other 2 units have suffered a significant amount of burn damage from a fire.Ā Though currently home to a four-unit building, we’re offering this property at lot value, presenting an unparalleled opportunity for builders and investors alike.With nearby properties fetching premium prices and the continuous growth of Houston’s rental market, the possibilities at 2706 Canfield are boundless. Whether you’re looking to rebuild, develop, or hold as an income-generating property, this is an investment you won’t want to miss.Ā Seize this opportunity to own a piece of Houston’s future. Contact us to learn more about how 2706 Canfield can be your next successful investment.
šµPrice: $239,999Ā Ā Ā Ā š ARV: $450,000-$1,500,000 (Varies depending on new build or rehab) Ā Ā
š THIS IS A FIRST COME,FIRST SERVE SO CALL ASAP TO SCHEDULE ACCESS. PLEASE BE PREPARED TO PRESENT CURRENT POF (PROOF OF FUNDS).
Why 2706 Canfield?
- Prime Location: Situated on a desirable 5,000 sq ft corner lot. š
- Current Use: A quadplex, with two units occupied, offering immediate income potential. šø
- Exceptional Value: Priced competitively, focusing on lot value for maximum investment return. š
- Lot Sales Insight: Highlighting the value in the land itself, empty lots in the vicinity have sold for significant amounts, underscoring the investment potential of 2706 Canfield. š
- The University of Houston Expansion: The recent addition of a medical school by the University of Houston has further boosted the area’s attractiveness. With an increased demand for rentals and virtually no vacancies, investing in 2706 Canfield offers instant equity and immense potential for future development. šš”
Comparable Listings (All situated on 5,000 sqft lots):
- 3335 Tuam Street: A quadplex on a 5,000 sq ft lot, echoing the charm of historical Houston with its 1938 construction. Despite its dilapidated condition and being completely unoccupied, it sold on December 7th for $591,800. It was listed for only 8 days proving the area’s value and potential.
- 3813 Rosalie Street: A multifamily property on a similar 5,000 sq ft lot, recently listed at $1.4 million. šļø
- 3709 Anita Street: Another multifamily gem, listed at an impressive $1.95 million, showcasing the high demand in this area. š¢
Ā Ā Ā šµĀ Our Preferred Hard Money LenderĀ Ā Has Already Pre-Approved This Property!
š± Commitment to Wealth Building: At The Property Plugā¢, weāre dedicated to growing alongside our clients. As investors ourselves, we grew tired of being promised 70% deals, only to discover theyāre closer to 90 or 95% after factoring in closing costs and inaccurate ARVs & comps. Thatās precisely why The Property Plugā¢ was created. Our deals are underpinned by accurate ARVs and comps because we believe that as we build your wealth, our business will naturally flourish alongside it. Trust in The Property Plugā¢ for unparalleled transparency and authentic investment opportunities. Our primary aim is to build and enhance your wealth, setting us distinctly apart in the marketplace. We offer deals by investors, for investors, fostering a community of success and prosperity.
Disclaimer: The Property Plugā¢ facilitates introductions to contractors and provides recommendations based on past experiences and professional relationships. However, clients acknowledge that The Property Plugā¢ is not responsible for the performance, reliability, or quality of work of any contractor. The client agrees that The Property Plugā¢ is not liable for any direct, indirect, incidental, or consequential damages that may arise from the work performed by contractors. It is the clientās responsibility to perform their due diligence and agree to terms directly with any contractor.
Join us at The Property Plugā¢, where your investment dreams become a reality.