Apartment / Complex auction Houston, TX - 3126-Webster-Street-Houston-TX-77004, 928770043126 | Hubzu
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3126 Webster Street
Houston, TX 77004
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Description
Multi-Family Building in Houston's Historic 3rd Ward!
Attention buyer, you are bidding on an assignment of contract. This property is available for purchase only with Cash, Hard Money, or Private Money.

THIS 10-UNIT PROPERTY WITH TWO BUILDINGS = 4,432 SF; BUILT IN 1940; 8 - 1 BED, 1 BATH UNITS, 2 STUDIO UNITS; Prime Location: This multi-family property is located in Houston's revitalized 3rd Ward community, just 5 minutes from downtown Houston. Enjoy quick access to the city's top attractions, major universities, and world-renowned medical centers.

Each apartment features a Bedroom, Kitchen, Bathroom, and Living Room.
Income-generating: Currently monetized through Airbnb, with strong potential for increased rental income. 100% occupied! High ROI Potential: Ideal Add Value Opportunity for investors seeking rental income in a rapidly growing area of Houston. Whether your looking to add to your portfolio or build up from the already to structure to Flip it, the potential is great.

ALL OFFERS WILL BE CONSIDERED AS THEY COME IN!

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Sheriff's Appraised Value
This is an estimate of the property's value as determined in accordance with Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.17. Ohio state law does not require an appraisal by a licensed or certified appraiser and interior inspections are not normally performed. Bidders should not rely on this stated value in deciding whether and how much to bid.
Sale Deposit
The amount and timing of the Sale Deposit is prescribed by Ohio state laws governing foreclosure sales, including but not limited to Ohio Revised Code Section 2329.211. Failure to timely submit the Sale Deposit may result in invalidation of the sale.
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Property Details for 3126 Webster Street
1,782 Views
Property ID: 928770043126
Lot Size: 5,000 Sq. Ft.
Building Size: 4,432 Sq. Ft.
Year Built: 1940
Renovated:
County: Harris
Occupancy:
Property Type: Commercial
Sub Type: Apartment / Complex
Property Information

Property sold in "as is" condition. Seller must approve all terms.

Local Info
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Property Fees
Technology Fees: -
(Buyer Pays at Closing).
Buyer's Agent Commission: Not offered
All offers must be submitted through Hubzu.com. Offers sent via email and fax will not be considered.
Disclaimers
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Buying with Hubzu
With more than 2.5 million registered users, Hubzu is among the nation's largest online real estate auction marketing sites.
What is an assignment contract in real estate?
An assignment contract is a legal agreement that allows one party (the assignor) to transfer their rights and obligations under an existing contract to another party (the assignee) before closing.
How does the assignment process work on Hubzu?
  • A wholesaler lists a wholesale property on Hubzu.
  • You find one that you are interested in and you place a bid.
  • If your bid is selected, you sign an assignment contract and review the original purchase agreement.
  • You proceed to closing under the original contract terms.
How does bidding work for wholesale properties on Hubzu?
Wholesale properties are listed on Hubzu, where you can place a bid like any other auction property. However, sellers can accept an offer at any time and end the auction early.
Are there any hidden fees?

No hidden fees. You'll only pay:

  • Your final bid amount.
  • The buyer's premium charged by Hubzu.
  • Standard closing costs like title and escrow fees, just like any other real estate transaction.
What documents will I receive before closing?

You'll receive:

  • The assignment contract (which transfers the wholesaler's contract to you).
  • The original purchase agreement (so you can review all terms).
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