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$174,000

2507 Montrose Blvd Apt 39, Houston, TX, 77006

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths758 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$229.55 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Washer/Dryer, Refrigerator
FlooringLaminate, Tile

Building Information

Year Built1964

Land Information

APN1161990010039
SubdivisionThe Gardens Condo
Land UseResidential
Legal DescriptionUNIT 39 BLDG A .0150 INT COMMON LAND & ELE THE GARDENS CONDO 4TH AMEND
Census Tract410501
Assessed Land Value$39,772
Assessed Improvement Value$169,552
Assessment Year2025

About this property

This charming one-bedroom condo in the heart of Montrose, located in the Historic District, is walking distance to restaurants, parks, and museums. The unit features a loft that can be used as an office or extra bedroom, upscale remodeled kitchen with Bosch dishwasher and range, LG fridge, soft-closing cabinets, and a fancy sink. Enjoy a fabulous view of the community pool. Utilities included are water, sewer, trash, common grounds and pool. Underground parking with an assigned space, plus a keyed front entrance for privacy and security. Great investor property, fully furnished and priced way below market for a quick sale. Don't miss out, schedule your appointment today!

Investor Tools

$8,015Estimated Mortgage Balance
$201,943Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,256 /month
Positive
Cash Flow Estimate:
$419 /month

Interested in this property?

Christy Buck

Infinity Real Estate Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$452/month
$259/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,380
$209,324
2025
$39,772
$169,552
$209,324
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,380
$209,324

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Mtg
N/A
$38,650
N/A
First
Apr 26, 2000
May 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,015
$201,309
96%
4%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$259/mo
+$1,381/mo
9.4%

City: Houston