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Investment Highlights

  • Easy access to downtown, 610, Beltway 8

Executive Summary

This 10,000 square foot industrial property can be utilized to store heavy machinery, apartments with tenants already in place, etc., and it is directly on the corner of McCarty St. and Clinton Drive. This is also an Opportunity Zone area right near the Port of Houston/Houston Ship Channel, near downtown, Beltway 8 and 610 area. Lots of industrial activity with plenty of traffic going in and out of McCarty St and Clinton Dr. Seller requests payment in full at time of closing. FYI, the six apartments are fully rented at this time.
This money maker awaits your take over; the business is already there.

Attachments

2417_Mccarty_St_Seller
2025 2417 Real Estate Rent Roll

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $103,856 $28.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $103,856 $28.28
Taxes $6,678 $1.82
Operating Expenses $5,452 $1.48
Total Expenses $12,130 $3.30
Net Operating Income $91,726 $24.98

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $103,856
Annual Per SF $28.28
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $103,856
Annual Per SF $28.28
Taxes (CAD)
Annual $6,678
Annual Per SF $1.82
Operating Expenses (CAD)
Annual $5,452
Annual Per SF $1.48
Total Expenses (CAD)
Annual $12,130
Annual Per SF $3.30
Net Operating Income (CAD)
Annual $91,726
Annual Per SF $24.98

Property Facts

Price $1,022,205 CAD
Price Per Unit $170,367 CAD
Sale Type Investment
Cap Rate 9.37%
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.23 AC
Building Size 3,672 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1960/2023
Parking Ratio 6.81/1,000 SF
Zoning No - No HOA or other restrictions.

Amenities

Unit Amenities

  • Air Conditioning
  • Ceiling Fans
  • Tub/Shower
  • Dining Room
  • Family Room

Site Amenities

  • Fenced Lot
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,636 CAD 900
1+1 3 $1,090 CAD 700 - 8,000
3+2 1 $1,840 CAD 1,000

Property Taxes

Property Taxes

Parcel Number
0292510790016
Land Assessment
$115,850 CAD (2025)
Improvements Assessment
$327,067 CAD (2025)
Total Assessment
$442,917 CAD (2025)
Annual Taxes
$6,678 CAD ($1.82 CAD/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 31183572

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 2417 McCarty St, Houston, TX 77029

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