2512 Calumet St, Houston, TX 77004

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7 Units - Cash Flowing

Med Center AirBNB

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6,090

Square feet

$133,810

net operating income

Units

Income Generating Multifamily

Introducing a rare investment gem—an established income-generating multifamily property that checks all the boxes. This distinctive asset comprises two buildings: one meticulously remodeled into three distinct units, and another newly constructed with four sleek, modern units. This property comes with all furniture fixtures and equipment.

2023 Financial Overview:

This property generated $214,133 in Airbnb income. With operating expenses at only 36.60% of the revenue, the NOI of 2023 stands at $133,810 annually.

2024 Financial Overview:

From January to June 30th, this property generated $119,856.72 in Airbnb income. With operating expenses at only 29.60% of the revenue, the NOI stands at $84,320.70.

Value Add Opportunity:

There is an opportunity to add two additional units, which could further increase the annual revenue by $61,000 for a total of $275,000, with a projected NOI of $173,000.

Property Details

Address: 2512 Calumet St, Houston

Property Type: Multifamily - 5 Plus

Building Size: 6,090 SQFT

Lot Size: 11,128 SQFT

Stories: 2

Units: 7

Vacancy: Under 10%

Listing Price: $1,650,00

2023 NOI: $133,810

2023 Airbnb Income: $214,133