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$433,947

NAL Estimated Property Value

309 Clifton Street, Houston, TX, 77011

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths2,470 Sq Ft
Multi FamilyMulti Family
price_per_sqft$212.55 / sqft
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Microwave, Dishwasher, Refrigerator
FlooringLaminate, Tile

Exterior

Lot Size6,499 sqft

Building Information

Year Built1948

Land Information

APN0150340000007
Lot Number8
SubdivisionFullerton Place
Land UseResidential
Legal DescriptionLT 8 & TR 7 BLK 26 FULLERTON PLACE
Census Tract310500
Assessed Land Value$172,500
Assessed Improvement Value$261,447
Assessment Year2025

About this property

Here is your opportunity to purchase an income producing multi-family property in one of the hottest zipcodes in Houston! Trendy East End has been in an upward swing with lots of investors and developers making big moves in the area. This multi-family property features 4 units all remodeled in 2019 from the ground up. Updates from 2019 include new electrical, plumbing, windows, siding, roof, and HVAC systems just to name a few. Two units are in the front bldg. (front and back) and two units located in the rear bldg. (top and bottom), each with it's own assigned parking space. All units have appliances that were purchased in 2019 and all units have connections for a washer/dryer. Keep as long term rentals with a nice cash flow or jump into the lucrative Airbnb business, or live in one unit and rent the others and have tenants pay your mortgage! Choose your strategy and make your money work for you. Endless possibilities with an excellent location. Call me, let's talk Real Estate!

Investor Tools

Property Icon
$433,947
Estimated Property Value
$457,921Estimated Mortgage Balance
$433,947Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,063/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,583
$433,947
2025
$172,500
$261,447
$433,947
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,583
$433,947

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rflf 7 Llc
Commercial
$483,750
No
First
Jun 6, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$457,921
N/A
0%
106%
$2,901/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,901/mo
$-1,179/mo
4.8%

City: Houston