WINSOME LANE FOURPLEX
5916 Winsome Lane, Houston, TX 77057
5916 Winsome (a fourplex) is a one story, spacious, multi-family home located in the Galleria area of Houston, Texas. The asset weas originally built in 1967 and is nestled in between Fountainview and Chimney Rock. Interiors are in good condition but needs minor upgrades.
Many older area properties in this highly desireable area are being purchased to demolish and build new construction. Three and four story townhomes and condos are being built on the generous over-sized lots that once housed one-story single family residences or one-story duplex or fourplex structures. Per the owner there was no flooding or loss of power during Hurricane Harvey and its aftermath, Tropical Storm Harvey. The owner stated that this area has not flooded or lost power during any of the storms over the last 50 years!
A purchaser may wish to view this opportunity as a covered land play. The Winsome lot has 21,547 square, per HCAD. The existing rents are VERY low in comparison to area rental comps. There is tremendous upside in rental income with minor upgrades. A water RUBS can also be implemented for additional income.
The property is offered at a "Market" price. There is no asking price.
The owner prefers to not alarm the tenants of a proposed sale, so please do not disturb the tenants.
Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.