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- RE: Incoming Producing Houston Med Center AirBnB
- Contact: Charles Patawaran
Quick Facts
Asking Price: | $1,650,000 | |
Annual Revenue: | $135,798 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $75,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 986097 | |
Broker Reference #: | Not Disclosed |
Business Overview:
Introducing a rare investment gem: a fully established, income-generating multifamily property that ticks all the boxes. This unique asset consists of two buildingsāone meticulously remodeled into three distinct units and the other newly constructed with four sleek, modern units. The property is offered fully furnished, including all fixtures and equipment.
In 2024, the property generated $135,798 in gross Airbnb income, with operating expenses amounting to just 33% of the revenue. This resulted in a strong net operating income (NOI) of $90,785, demonstrating its impressive profitability.
Additionally, there is a compelling value-add opportunity to enhance returns. The potential to add two more units could increase annual revenue by an estimated $61,000, making this an even more lucrative investment. This property is an ideal choice for investors seeking a turnkey, high-performing asset with significant upside potential.
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Market Competition and Expansion:
Located in the heart of Houstonās Medical Center, this property benefits from steady demand driven by patients, medical staff, and visitors. Its proximity to Houston hotspots such as downtown, midtown, and the Museum District further broadens its appeal to both business and leisure travelers. The areaās competitive landscape primarily includes older multifamily properties and traditional hotels. This property stands out with its modern, fully furnished units and Airbnb-friendly amenities, offering flexibility in pricing and rental durations to attract a diverse range of tenants.
Expansion opportunities add even more potential. The addition of two units could increase annual revenue by an estimated $61,000, capitalizing on the areaās robust rental demand. Additionally, Houstonās growing events, conferences, and tourism scene provide an opportunity to target higher occupancy rates and premium pricing strategies. With strategic marketing and continuous upgrades, this property is well-positioned to outperform competitors and become a top-tier short-term rental option in one of Houstonās most dynamic neighborhoods.
Reason for Selling:
The owner is looking to invest into other ventures.Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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