Last 24 Hours
$500,000
1935 Richmond Ave, Houston, TX, 77098
On Market
Commercial
2 Beds
1 Bath
2,128 Sq Ft
Multi Family
$234.96 / sqft
Built in 1940Highlights
Interior
Bedrooms 2
Bathrooms Full 2
HeatingAppliancesRange, Refrigerator
FlooringTile, Wood
Exterior
Lot Size5,149 sqft
Building Information
Year Built1940
Stories2
Land Information
APN0571210000007
SubdivisionRichmond Place
Land UseResidential
Legal DescriptionTR 7A BLK 1 RICHMOND PLACE
Census Tract410900
Assessed Land Value$533,025
Assessed Improvement Value$26,975
Assessment Year2025
About this property
Great opportunity to purchase an income producing property, duplex 100% occupied. Each two story unit has 2 bedrooms 1 bathroom. Conveniently located in close proximity to Galleria, Downtown, Med Center, Rice Village. This property is to be sold together with 1931 Richmond Ave. Sold As Is.
Investor Tools
$24,408Estimated Mortgage Balance
$536,286Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,360 /month
Positive
Cash Flow Estimate:
$1,120 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,105/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,462
$560,000
2025
$533,025
$26,975
$560,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$10,462
$560,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hmc Home Mtg Consultants Inc
N/A
$123,300
N/A
First
Jan 29, 1999
Feb 2029
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,408
$663,592
96%
4%
$842/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$842/mo
+$2,498/mo
7.2%
12.4%