607 W Pierce Street

Listing #2 • Montrose • Bo Garza • White House Global Properties
Dashboard All Responses Strategy
$780,000
List Price
4
Units
3%
BAC
$4,400–$5,200
Potential Mo. Rent
2/4
Units Occupied

Rent Roll

UnitRentStatusLease Type
Unit 1$1,100/moOccupiedMonth-to-Month
Unit 2$1,200/moOccupiedMonth-to-Month
Unit 3$1,300/mo (prev)VacantReady for tenant
Unit 4$1,100/mo (prev)VacantReady for tenant

Total Potential Rents: $4,400–$5,200/mo

Current income from 2 occupied units: $2,300/mo. Two vacant units ready for immediate lease-up.

Property Details

Features

  • Floors: Hardwood throughout, similar finishes all units
  • Appliances: Washer/dryer, dishwasher in each unit
  • HVAC: 2 window A/C units per unit
  • Parking: 1 covered space per unit (rear)
  • Condition: Sold as-is
  • Restrictions: None — can be subdivided

Utilities & Location

  • Electric/Gas: Separately metered per unit
  • Water: Landlord covers
  • Location: Walkable to shops, restaurants, bars (Montrose)
  • Mechanicals: Agent following up on ages & operating expenses

Quick Investment Analysis

$62,400
Gross Annual (at $5,200/mo)
~8.0%
Gross Cap Rate
$27,600
Current Annual (2 units)

Note: Net cap rate requires insurance, taxes, maintenance, and vacancy factor. Mechanicals data pending from agent.

Attachments

Property Photo (JPEG, 317KB)

Listing Links

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Prepared by The Curator • Dr. Marc Resasco Investment Analysis