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$227,000

NAL Estimated Property Value

2323 Polk St Apt 209, Houston, TX, 77003

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths906 Sq Ft
price_per_sqft$248.34 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Dishwasher, Washer/Dryer, Refrigerator
FlooringConcrete

Building Information

Year Built1923
Garage Spaces2

Land Information

APN1331880020009
SubdivisionPromenade Place Condo
Land UseResidential
Legal DescriptionUNIT 209 FLOOR 2 .0227 INT COMMON LAND & ELE PROMENADE PLACE CONDO
Census Tract310200
Assessed Land Value$42,272
Assessed Improvement Value$180,210
Assessment Year2025

About this property

Prime location within blocks of all the downtown/east downtown fun, including the upcoming East River development. This converted warehouse is now home to approximately 30 industrial style condos. Great amenities including a workout room, pool table/entertainment area, plus an outdoor patio and pool. Cool, industrial style finishes and large, open living areas set the tone. The kitchen features stainless steel appliances, granite countertops, and plenty of storage. Open living and dining areas plus a breakfast bar. Tall windows provide great natural light. Oversized walk-in closet. Washer, dryer, and refrigerator are included. Two assigned parking spaces plus additional guest parking within the garage.

Investor Tools

Property Icon
$227,000
Estimated Property Value
$186,849Estimated Mortgage Balance
$40,151Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,362 /month
Positive
Cash Flow Estimate:
$454 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$333/month
$334/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,862
$222,482
2025
$42,272
$180,210
$222,482
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,862
$222,482

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$205,000
No
First
Sep 10, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,849
$42,151
18%
82%
$1,230/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$1,564/mo
$-234/mo
7.0%

City: Houston

2323 Polk St Apt 209 | Property Details | No Agent List