601 Milby Street Houston 77003

Property Description

Corner lot in the ever desirable east end. This property is a 2,400 sqft church on a corner lot, which has been converted to a residential house. The condition of home is either full rehab or tear down. Currently tenant occupied with dogs. Tennant is paying $1,600/month, no showings without pre-approval or proof funds or contract. This will property will not qualify for traditional lending but is a great opportunity for several types of buyers. 1) Covered land play. Buy today, enjoy rent, and redevelop later. 2) BRRR, renovate the property in two units, rent each separately & refinance 3) Renovate for resale. 4) Renovate to make your own 2,400sqft dream home. Rare to have homes of that size. The location is highlighted by walkable to East River project, new nine-hole golf course, bayou trails, navigation blvd restaurants, and easily accessible by I-10 Freeway. The adjacent lot is being marketed separately for $200,000 but can be purchased together.

601 Milby Street on the Map