243Days on Market

1view

$125,000

1028 N Victory Drive, Houston, TX, 77088

On Market

3 Beds

2 Bath

1,200 Sq Ft

Single Family Residence

$104.17 / sqft

Built in 1998

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Heating

Exterior

Lot Size7,070 sqft

Building Information

Year Built1998

Land Information

APN0710900590008

Lot Number8

SubdivisionLincoln City

Land UseResidential

Legal DescriptionLT 8 BLK 1 LINCOLN CITY SEC 7

Census Tract533302

Assessed Land Value$73,192

Assessed Improvement Value$72,557

Assessment Year2025

About this property

MULTIPLE OFFERS RECEIVED! PLEASE SUBMIT ALL OFFERS BY 10/24 @ 3 PM. NO RESTRICTIONS!!! Just ft away from the I-45 freeway and surrounded by growing neighborhoods, this mixed-use property on Victory Street offers unbeatable potential. Lot features two detached buildings, each with its own bathroom and multiple office setups. Perfect for rental income, business use, or a live/work combo. A spacious driveway allows for ample parking, making it ideal for tenants/customers. A covered patio walkway connects the units, while the large backyard provides extra flexibility for storage or outdoor improvement. The aerial drone shots showcase just how close you are to major retail, grocery stores, and the Downtown Houston. With remodeling, this can become a high-yield, multi-purpose property. Property has a spacious concrete slab offering plenty of parking perfect for a car wash setup, small office, barber shop, or car dealership use. NO RESTRICTIONS, UNLIMITED OPPORTUNITIES!!

Investor Tools

$0Estimated Mortgage Balance

$209,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,254 /month

Positive

Cash Flow Estimate:

$418 /month

Interested in this property?

Karol Carballo

Cottage Gate Real Estate Group

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$331/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,924

$145,749

2025

$73,192

$72,557

$145,749

Tax History

Year

Tax Paid

Assessed Value

2024

$2,924

$145,749

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$209,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

N/A

+$1,307/mo

7.5%

Learn About the Market: Opportunity in Houston

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