Last 24 Hours
$399,000
NAL Estimated Property Value2624 Palm St, Houston, TX, 77004
Off Market
Commercial
4 Beds
2 Bath
3,103 Sq Ft
$98.29 / sqft
Built in 1945Highlights
Interior
Bedrooms 4
Bathrooms Full 2
Indoor Fireplace
Garage Available
HeatingFlooringWood
Exterior
Lot Size5,249 sqft
Building Information
Year Built1945
Stories2
Garage Spaces1
Land Information
APN0610820020005
SubdivisionRiverside Extn
Land UseResidential
Legal DescriptionTRS 5 & 6A BLK 2 RIVERSIDE EXTN
Census Tract313000
Assessed Land Value$162,750
Assessed Improvement Value$178,156
Assessment Year2025
About this property
Highly thought of Riverside area The property is actually a 2-unit property. Each unit has 1 bath, 2 bedrooms, kitchen, and dining room. The house needs a lot of repairs BUT WILL be a great investment property, or live in one side and rent the other . Close vicinity to the midtown, the medical center, freeways, you name it! Schedule a showing as these typically do not last on market long.
Investor Tools
$399,000
Estimated Property Value
$480,455Estimated Mortgage Balance
$399,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$452/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,427
$340,906
2025
$162,750
$178,156
$340,906
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,427
$340,906
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quick Lending Llc
Commercial
$491,325
No
First
Feb 20, 2025
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$480,455
N/A
0%
120%
$2,946/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,946/mo
$-720/mo
6.7%
12.4%