4306 Canal St
INVEST LOW: PROFIT HIGH!
Great investment potential in Houston’s Eado District. This 4plex consists of three 1 bedroom, 1 bath units, one efficiency unit, and small laundry bldg. All units are currently leased. The property generates a monthly gross income of $1,915.00. Recent renovations include HardiePlank siding, a new roof, and exterior paint. Close proximity to downtown Houston, and the light rail make it a desirable location for those wanting to avoid a long commute.
The East End is alive with remodeling and new construction. The Houston Chronicle said, “Drawn by the area’s proximity to downtown, the convenience of a light rail line running down Harrisburg Boulevard, and the wide swaths of vacant industrial land, the newcomers are eager to remake the East End into a hip, walkable neighborhood.” These properties are located 5 blocks away from a rail station and close to a bus stop. A car is truly optionable for your tenants.
4306 Canal was built in 1940 and consists of 3 one bedroom, 1 efficiency unit and a laundry unit. The property is a two story wood frame building. The property has a small carport located in front on both sides of the building. The lot is 2,072 square feet in size with a small back patio area resulting in minimal landscape expenses for the owner. There is a storage building in back which already has plumbing for use as a laundry room. The 3 one bedroom units are equal in size with two units located on the second floor and one on the first floor.
DIMENSIONS:
One Bedroom Units
Kitchen: 12’5” by 7’1”
Living 7’10” by 11’6”
Bedroom: 11’9” by 9’1”
Efficiency
Bedroom / Living: 9’11” by 10’2”
All bills are paid by the owner. Monthly rentals add up to $1,915. All units are occupied with good tenants.
RENTAL INCOME FOR 4306 CANAL ST
Canal 1 – $575
Canal 2 – $500
Canal 3 – $520
Canal 4 – $320
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Schools
| School District | Houston ISD |
|---|---|
| Elementary School | Lantrip Elementary School |
| Jr. High School | Jackson Middle School |
| High School | Austin High School |
Additional Details
| City | Houston |
|---|---|
| County | Harris |
| Zip Code | 77003-1980 |
| Subdivision | Brady Place |
| Legal | LT 7A BLK 25 BRADY PLACE |
| Build. Sq. Feet | 1,556 Sq. Ft. /Appraisal District |
| Lot Size | 2,074 / Appraisal District |
| Year Built | |
| Market Area | East End Revitalized |
Dimensions
| Den | See Above |
|---|---|
| Dining | |
| Living | |
| Breakfast Area | |
| Kitchen | |
| Master Bedroom | |
| Bedroom #2 | |
| Bedroom #3 | |
| Bedroom #4 | |
| Bedroom #5 | |
| Game Room | |
| Study | |
| Media Room | |
| Utility Room |
Features
| Architecture Style | Traditional |
|---|---|
| Cooling | Window Units |
| Countertops | Laminate |
| Defects | Exterior Siding 7 Facia |
| Dining Area | Dining in LR, Eat-in Kitchen |
| Disclosures | Sellers Disclosure |
| Financing | Cash, FHA, Conventional, VA |
| Fireplace | |
| Flooring | Carpet, Laminate |
| Foundation | Slab |
| Garage | Parking front of unit |
| Heating | Space Heaters |
| HOA | |
| HOA Fees | |
| Kitchen Features | Electric Range/Oven Elec, Refrigerator |
| Master Bathroom | |
| Master Bedroom | |
| Pool | No |
| Restrictions | Unknown |
| Roof | Composition |
| Spa | |
| Stories | 2 |
| Utility District | No |
| Utility Room | |
| Tax | $1,919 / 2014 |
| Yard |
Property Details
| Address | 4306 Canal St. |
| City | Houston |
| State | TX |
| Zip Code | 77003-1980 |
| Neighborhood | Houston |
| MLS# | 58807516 |