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$1,050,000

1703 Albans Road, Houston, TX, 77005

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths3,422 Sq Ft
QuadruplexQuadruplex
price_per_sqft$306.84 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher
FlooringHardwood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size6,743 sqft

Building Information

Year Built1945

Land Information

APN0630830020012
Lot Number12
SubdivisionSunset Place
Land UseCommercial
Legal DescriptionLT 12 BLK B SUNSET PLACE
Census Tract412000
Assessed Land Value$741,950
Assessed Improvement Value$180,454
Assessment Year2025

About this property

Unique opportunity to live in Southampton and have an income producing property that can easily lease out to Rice University Students(3 min walk,) medical residents, or anyone looking for an amazing location. HIGH-DEMAND area for tenants and high occupancy rates. Oversized lot on a very low trafficked street. Formerly a four-plex with a 1/1 set up, and then converted into a duplex, each unit being 2 floors. Currently, the right side unit has 4 bedrooms and 2 bathrooms, and left side has 2 bedrooms, 2 bathrooms, and 2 large living rooms. There's a shared foyer area with 4 entry doors, which means it could easily be converted back into a 4 plex if desired. Has 4 electrical meters and 1 water meter. Three of the 4 HVAC units are very recent. Roof replaced in 2019. Foundation has recently been leveled. Cast iron under home was replaced to PVC. It also has new water heaters and remodeled kitchens. Minutes to Rice Village, Museum District, Hermann Park, Montrose, and more!

Investor Tools

$597,496Estimated Mortgage Balance
$324,908Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,300 /month
Positive
Cash Flow Estimate:
$2,100 /month

Interested in this property?

Evan Compean

Compean Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,997/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,357
$922,404
2025
$741,950
$180,454
$922,404
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,357
$922,404

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$650,625
No
First
May 24, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$597,496
$324,908
35%
65%
$3,901/mo

City: Houston

1703 Albans Road | Property Details | No Agent List