6 unit multi-family listed at lot value. Already re-platted with an option to build 3 townhomes in vibrant Montrose. Can also be re-platted for a single family residential home. Hold for cash flow now and build when you're ready. Or renovate for optimal rent yield and keep as long term asset. The options are many. Located on Welch St, a quiet residential block halfway between the popular entertainment and dining establishments on Westheimer and upscale options in River Oaks. The property is neighbors with new high end custom homes and townhomes. Currently tenant occupied. 2 dryers and 2 washers (coin operated) in on-site laundry room. The re-plat was completed and recorded before the minimum lot size ordinance took effect on the block. The existing building also has 6 parking spaces grandfathered in - one for each unit. Each unit is individually metered for electricity and/or gas. Water meter is shared.