Last 24 Hours
$1,175,000
1811 and 1815 Studewood Street, Houston, TX, 77008
On Market
2 Beds
1 Bath
912 Sq FtProperty Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 1
Garage Available
HeatingExterior
Lot Size6,151 sqft
Building Information
Year Built1920
Stories1
Garage Spaces3
Land Information
APN0580020020007
Lot Number7
SubdivisionSheldon
Land UseResidential
Legal DescriptionLT 7 BLK 2 SHELDON
Census Tract511302
Assessed Land Value$584,250
Assessed Improvement Value$41,697
Assessment Year2025
About this property
Rare opportunity in the Houston Heights! 12,300 sf lot (per HCAD) currently consists of original bungalows that have been long term rentals. Both properties are 6,150 sf (per HCAD) which is a 50x123 lot for each. Not located in the Houston Heights historic district. Properties being sold for lot value. No survey, buyer to purchase new one. No alley access. Curbed and guttered street with sidewalk. Close to Heights area shops, restaurants, parks and entertainment with a convenient location to downtown. (Drive by only. Do not walk property. Tenant occupied)
Investor Tools
$0Estimated Mortgage Balance
$625,947Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,050 /month
Positive
Cash Flow Estimate:
$2,350 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,286/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,305
$625,947
2025
$584,250
$41,697
$625,947
No
Tax History
Year
Tax Paid
Assessed Value
2024
$12,305
$625,947
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$625,947
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
N/A
+$1,690/mo
3.2%
12.4%