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$950,000

1805 Sul Ross Street, Houston, TX, 77098

On MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths3,515 Sq Ft
Multi FamilyMulti Family
price_per_sqft$270.27 / sqft
Year BuiltBuilt in 1935

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,251 sqft

Building Information

Year Built1935

Land Information

APN0562700000004
Lot Number4
SubdivisionWest Lancaster Place
Land UseResidential
Legal DescriptionLT 4 BLK 2 WEST LANCASTER PLACE
Census Tract410801
Assessed Land Value$750,000
Assessed Improvement Value$28,000
Assessment Year2025

About this property

An incredible income producing property in ever popular Montrose. A Duplex that has 2 Amazing three bedroom, one bathroom properties with a combined total square footage of 3,515. Which includes a third unit that is a completely separate building. A Bungalow which has 2 bedrooms, & 2 full bathrooms, with its own privately enclosed patio spanning the front of the whole building with a total of 840 sqft. Producing a combined monthly income of $5,905 or almost $71K a year. This is your chance to own a strong investment in the Prestigious Montrose area. A location near impossible to beat. Present & future land demand in this area will grow your investment. Location, location, location! Approximately 7-12 minutes from Medical Center, Rice, or Downtown. While being walking distance to dozens of restaurants, cafés, and bars, as well as being only 1/2 a block from H-E-B. The location will help ensure that your investment will continue to grow & produce more & more for decades into the future.

Investor Tools

$396,574Estimated Mortgage Balance
$543,426Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

Interested in this property?

Gabriel Torre

Ignite Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,452/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,726
$778,000
2025
$750,000
$28,000
$778,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,726
$778,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$435,100
No
First
Oct 19, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$396,574
$543,426
57%
42%
$2,609/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,609/mo
+$731/mo
4.3%

City: Houston

1805 Sul Ross Street | Property Details | No Agent List