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$99,950

413 Lynn St, South Houston, TX, 77587

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.13 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,200 sqft

Building Information

Year Built1949
Stories1
Garage Spaces2

Land Information

APN0751150020016
Lot Number16
SubdivisionMerilyn Place
Land UseResidential
Legal DescriptionLT 16 MERILYN PLACE SEC 2
Census Tract321401
Assessed Land Value$69,607
Assessed Improvement Value$48,526
Assessment Year2025

About this property

Rare opportunity in South Houston! This property is being offered at lot value only and presents an excellent opportunity for redevelopment, new construction, or an investment project. The property backs up to Kolb St, which may provide potential for additional access options or future design flexibility. Buyers are encouraged to verify with the city all requirements, permits, and possibilities regarding rear access, reconstruction, zoning, and development. The existing structure is in significant disrepair and is being sold strictly as-is. Use extreme caution if entering the home.

Investor Tools

$0Estimated Mortgage Balance
$124,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$744 /month
Positive
Cash Flow Estimate:
$248 /month

Interested in this property?

Elizabeth Ojeda

Mersaes Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$54/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26
$118,133
2025
$69,607
$48,526
$118,133
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26
$118,133

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$118,133
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
12.6%

City: South Houston

413 Lynn St | Property Details | No Agent List