1608 Welch ST
Houston, Texas 77006
The subject property is a 14-unit apartment complex in the Hyde Park community of Montrose. The complex is comprised of 2 buildings with (8) 1bed units in the rear building and (6) 2bed,2story units in the front building.
Property to be sold with approved cover up inspections and the buyer will complete the renovations to include sheetrock, paint, cabinets, counters, etc. Every unit is designed to have its own washer/dryer, dishwasher, and central air. Major exterior improvements already completed include: New roof, Hardie siding, sewer lines, and windows. Major interior improvements already completed include: 30%-40% of all framing has been replaced, 100% new electrical wiring, 100% new plumbing, new water heaters, replaced window a/c units with individual central a/c in every apartment, and other improvements to meet current code requirements for framing, wind, fire, and insulation. Remaining renovations to completion are estimated at $180k-$200k. See attached PDF for breakdown.