These 2 Office/Warehouses and 1 House have made me a good income for years. I am going to retire and would like to pass this opportunity on someone else.
Income Property, Houston Texas, Owner Finance, 2 Office/Warehouses and 1 House
1414 and 1416 Redmond
Front Warehouse:
Approximately 36 feet wide by 32 feet deep
Office is approximately 9 feet wide by 18 foot deep
Bathroom has bathtub and shower
Rear Warehouse:
Approximately 36 feet by 36 feet
Office is approximately 12 feet by 12 feet
Bathroom has a toilet and a sink (no bathtub or shower).
House:
3 bedrooms
1.5 bathrooms
Approximately 1200 square feet
Double car carport
One car garage
Laundry room
A new metal roof was installed in 2009
The kitchen was modernized in 2009
The patio cover was built in 2009
The central air and heat were replaced in 2011
Income:
2011 – $12,825
2012 – $13,395
2013 – $15,850
3 year average – $14,023
2014 will probable be about the same as 2013
Tenants:
The tenant in the shop has been there since 2003 and has built a successful auto repair business there. He rents both Office/Warehouse spaces for $1200 per month.
The tenant in the house has been there since July 2011. He pays $750 per month.
Property Taxes:
2011 – $804
2012 – $1174
2013 – $1144
Reason for Selling:
I am going to retire in January and I live almost 1000 miles from Houston. I do not want to drive
back and forth to take care of things there.
Financing:
20 % downpayment
Owner will finance the balance for 5 to 30 years at 8% interest
Contact:
Kenneth Knittel
281-509-9953
