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$5,500

4505 Caroline St, Houston, TX, 77004

On MarketInfo
Beds4 Beds
Baths5 Bath
Baths3,537 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.55 / sqft
Year BuiltBuilt in 1934

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,003 sqft

Building Information

Year Built1934
Garage Spaces1

Land Information

APN0250030240006
SubdivisionMacgregor Blodgett Park
Land UseResidential
Legal DescriptionTRS 6 & 7A BLK 24 MACGREGOR BLODGETT PARK SEC 1
Census Tract312603
Assessed Land Value$442,750
Assessed Improvement Value$228,673
Assessment Year2025

About this property

Location! Location! Location! On the verge of being downtown, in the Montrose/Museum district lays this gem of a rental property. Amazingly quiet yet in the heart of the city. Surrounded by mature trees & fenced w/ a 10-foot metal security fence including the driveway access. This 7 bedroom, 5 bath home has been used as office space for many years so it can function as an office or as a home. The kitchen and bathrooms are big & functional with all the needed amenities within easy reach. Oversized vintage windows illuminate the new flooring throughout. Plenty of parking upfront or under the carport at the back of the drive. The garage apartment is off the super-sized deck from the back of the house. The garage apartment could be a 2nd rental opportunity. So much storage in the great big closets including oversized cedar closet. Plenty of space upstairs & down for your creative ideas & possibly even a live/work situation. Call today to set up your private tour of 4505 Caroline!

Investor Tools

$620,493Estimated Mortgage Balance
$244,060Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,160 /month
Positive
Cash Flow Estimate:
$1,720 /month

Interested in this property?

Amy Lynch Kolflat

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,553/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,334
$671,423
2025
$442,750
$228,673
$671,423
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,334
$671,423

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finwise Bank
Commercial
$750,000
No
First
Dec 29, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$620,493
$347,507
35%
72%
$4,497/mo

City: Houston

4505 Caroline St | Property Details | No Agent List