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$947,052

NAL Estimated Property Value

1931 Richmond Avenue, Houston, TX, 77098

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths3,944 Sq Ft
price_per_sqft$201.57 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 1Bathrooms 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRange, Microwave, Dishwasher, Refrigerator
FlooringCarpet, Laminate

Exterior

Lot Size5,175 sqft

Building Information

Year Built1999
Stories1

Land Information

APN0571210000008
SubdivisionRichmond Place
Land UseResidential
Legal DescriptionTR 8A BLK 1 RICHMOND PLACE
Census Tract410900
Assessed Land Value$595,125
Assessed Improvement Value$351,927
Assessment Year2025

About this property

Great opportunity to purchase an income producing property, 100% occupied. Mixed use with 2 residential units, 1 medical office space. Conveniently located in close proximity to Galleria, Downtown, Med Center, Rice Village. Downstairs you will find the medical office space which is just under 1,600 sq.ft. with multiple treatment rooms, reception/waiting room, large multi-purpose room, and a half bathroom which could be converted into a full bathroom. Upstairs you will find the two residential units, each includes 1 bedroom and 1 bathroom. This property is to be sold together with 1935 Richmond Ave. Sold As Is.

Investor Tools

Property Icon
$947,052
Estimated Property Value
$0Estimated Mortgage Balance
$947,052Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,682 /month
Positive
Cash Flow Estimate:
$1,894 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,014/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,435
$947,052
2025
$595,125
$351,927
$947,052
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,435
$947,052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$947,052
100%
0%
$0/mo

City: Houston

1931 Richmond Avenue | Property Details | No Agent List