Last 24 Hours
$580,580
NAL Estimated Property Value309 Hutcheson St, Houston, TX, 77003
Off Market
Commercial
1 Beds
1 Bath
3,678 Sq Ft
$203.79 / sqft
Built in 1930Highlights
Interior
Bedrooms 1
Bathrooms Full 4
Heating CentralAppliancesRange, Refrigerator
FlooringVinyl
Exterior
Lot Size5,349 sqft
Building Information
Year Built1930
Land Information
APN0540460000009
Lot Number9
SubdivisionPalmer Place
Land UseResidential
Legal DescriptionLT 9 BLK 9 PALMER PLACE
Census Tract310101
Assessed Land Value$181,125
Assessed Improvement Value$399,455
Assessment Year2025
About this property
Beautifully remodeled 1930s 8 unit apartment in East Downtown! Building is made up of 4 one bedroom units and 4 studio units. Interior was fully remodeled in 2017. Roof replaced August 2020. Located just one block from the Harrisburg rail line and 5 minutes from Minute Maid Park. This property has on-site laundry and a grill area with green space at the back of the building. 100% occupied.
Investor Tools
$580,580
Estimated Property Value
$291,431Estimated Mortgage Balance
$289,149Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,497 /month
Positive
Cash Flow Estimate:
$1,499 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,254/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,148
$580,580
2025
$181,125
$399,455
$580,580
No
Tax History
Year
Tax Paid
Assessed Value
2024
$12,148
$580,580
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gl&L Holdings Llc
Purchase Money Mortgage
$310,000
No
First
Feb 9, 2023
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,431
$289,149
49%
50%
$1,859/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,090/mo
$1,859/mo
+$231/mo
4.3%
12.4%