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$130,000

2516 Commonwealth Street 105, Houston, TX, 77006

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths762 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$170.6 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Electric Range, Dishwasher, Oven, Refrigerator
FlooringTile, Wood

Building Information

Year Built1969
Stories1

Land Information

APN1108820000003
Subdivision2516 Commonwealth Condo
Land UseResidential
Legal DescriptionUNIT 105 BLDG A .0467 INT COMMON LAND& ELE 2516 COMMONWEALTH CONDO
Census Tract410402
Assessed Land Value$27,789
Assessed Improvement Value$118,469
Assessment Year2025

About this property

Location, location, location! This charming first-floor one-bedroom unit is move-in ready and located within a private gated 20-unit community in the heart of Montrose. Offering the perfect blend of comfort, convenience, and urban living, this home is ideally situated near area universities with easy access to Downtown Houston, the Museum District, the Texas Medical Center, and the Galleria. Enjoy being within walking distance to popular restaurants, shopping, entertainment, museums, and local hotspots. This unit includes two premium covered parking spaces located behind a remote-controlled security gate, with water and trash service included in the monthly rent. Residents will also appreciate the beautifully maintained community courtyard and security cameras throughout the complex for added peace of mind. A fantastic opportunity to enjoy one of Houston’s most desirable neighborhoods!

Investor Tools

$0Estimated Mortgage Balance
$191,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

Interested in this property?

Kathy Stenson

Connect Realty.com

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
$602/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,584
$146,258
2025
$27,789
$118,469
$146,258
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,584
$146,258

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$191,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$602/mo
+$1,038/mo
10.3%

City: Houston