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$380,000

13533 Luthe Rd, Houston, TX, 77039

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,640 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.96 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size37,949 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APN0041750000231
SubdivisionAldine Gardens
Land UseResidential
Legal DescriptionTR 143D ALDINE GARDENS SEC 2
Census Tract222800
Assessed Land Value$132,825
Assessed Improvement Value$2,590
Assessment Year2025

About this property

Unique opportunity on approximately 1 acre in the Aldine area with strong potential for an owner-user, contractor, investor, or business needing workspace and yard space. Property features a 2,000+ sq. ft. metal shop, two Conex storage containers, metal privacy fence, electrical service, and private water well. A residence previously stood on the property and the foundation remains. Located on a busy roadway surrounded by established businesses and commercial activity, the property offers room for equipment, vehicles, storage, or business operations. Potential uses may include welding, fabrication, machine shop, automotive-related business, contractor yard, storage, or redevelopment. Convenient access to major North Houston thoroughfares. Property sold as-is. Buyer to independently verify dimensions, utilities, restrictions, permitting, zoning/use requirements, and suitability for intended use. RV in pics is not included.

Investor Tools

$0Estimated Mortgage Balance
$313,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

Interested in this property?

Liz Stevens

Doug Erdy Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$311/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,169
$135,415
2025
$132,825
$2,590
$135,415
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,169
$135,415

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$322,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
5.0%

City: Houston

13533 Luthe Rd | Property Details | No Agent List