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$1,143,000

NAL Estimated Property Value

2126 Banks St, Houston, TX, 77098

$1,199,178 ARVInfo
Off MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths4,044 Sq Ft
Multi FamilyMulti Family
price_per_sqft$234.92 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Dishwasher, Refrigerator
FlooringTile, Wood, Hardwood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size7,950 sqft

Building Information

Year Built1940
Garage Spaces4

Land Information

APN0600680120001
Lot Number1
SubdivisionChevy Chase
Land UseResidential
Legal DescriptionLT 1 BLK 11 CHEVY CHASE
Census Tract411901
Assessed Land Value$561,608
Assessed Improvement Value$317,164
Assessment Year2025

About this property

Updated 4-plex corner of Banks and S.Shepherd. Great proximity to Rice University, Medical Center, Downtown plus all the shops and restaurants in West University Place. Property was taken back to the studs about 2014 and wiring, plumbing, a/c, insulation, sheetrock, cabinets, fixtures, appliances, etc. were replaced. Original hardwood floors were saved and refinished. Nice carport was built with 1 parking place per unit. Electronic gate was recenly installed. Each unit has it's own washer and dryer. Fully occupied. with superb tenants! All units individually metered for electric and each unit has it's own water heater. Property has had excellent care and has No deferred maintenance . Will show interior with accepted contract.

Investor Tools

Property Icon
$1,143,000
Estimated Property Value
$471,548Estimated Mortgage Balance
$671,452Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,199,177
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,858 /month
Positive
Cash Flow Estimate:
$2,286 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,077/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,209
$878,772
2025
$561,608
$317,164
$878,772
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,209
$878,772

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Old National Bank
Conventional
$480,000
No
First
May 9, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$471,548
$596,452
55%
41%
$2,878/mo

City: Houston

2126 Banks St | Property Details | No Agent List