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$99,000

2121 Hepburn St Apt 1106, Houston, TX, 77054

PendingInfo
Beds2 Beds
Baths1 Bath
Baths844 Sq Ft
price_per_sqft$117.3 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built1983

Land Information

APN1155980110006
SubdivisionMontreal Place Condo Ph 2
Land UseResidential
Legal DescriptionUNIT 1106 BLDG K .553 INT COMMON LAND & ELE MONTREAL PLACE CONDO PH 2
Census Tract314001
Assessed Land Value$18,916
Assessed Improvement Value$80,643
Assessment Year2025

About this property

What a rare find under $100,000! Enjoy third-floor privacy, beautiful unobstructed skyline views, and a functional layout featuring two spacious bedroom suites, a comfortable living area, and an enclosed balcony with outdoor storage. Community amenities include a pool, manned gated entry with on-site security, and reserved covered parking. Refrigerator, washer, dryer, and stainless steel appliances are included, and the carpet has been freshly steam-cleaned. Conveniently located near the Medical Center, universities, Downtown Houston, dining, and major commuter routes. Priced to allow the next owner to add their personal touch, this condo offers flexibility as a primary residence or investment property.

Investor Tools

$24,840Estimated Mortgage Balance
$93,160Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$708 /month
Positive
Cash Flow Estimate:
$236 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$268/month
$376/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,624
$99,559
2025
$18,916
$80,643
$99,559
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,624
$99,559

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gibraltar Finance & Mortgage Inc
Unknown
$50,000
No
First
Mar 5, 2007
Apr 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$24,840
$93,160
78%
21%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,400/mo
$376/mo
+$1,024/mo
14.2%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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2121 Hepburn St Apt 1106 | Property Details | No Agent List