If you are looking for a recently remodeled & upscale investment property Ã¢â‚¬" welcome to The Gray House. 4 individual apartments, all recently redone & updated, making each unit its own charming, cozy nest. Sitting on 1.4 acres of prime Bellaire real estate, there is room for additional buildings or a myriad of other uses. Unit 4, is a 3 bedroom/2 bath 1600 sq ft, beautifully appointed & furnished unit, on 2 levels, which can serve as either a rental or your own home. A pristine creek runs through the back of the property for added Up North feel. The Gray House is within easy walking distance to downtown Bellaire, with all the quaint and charming eateries, shops & watering holes. Currently all units are on a 1-year lease, with annual income in excess of $50,000. Once these leases are up (staggered throughout the year), this would make a fantastic Short Term Rental property allowing you to greatly expand your rental opportunity. Showings can be scheduled on Tuesdays, Thursdays & Saturdays from 1-5, to accommodate the tenants currently residing there. Apartment details are in the Associated Docs. Excellent opportunity in Bellaire that does not become available often!
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