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$425,000

5035 North Fwy, Houston, TX, 77022

On MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,494 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$284.47 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size6,599 sqft

Building Information

Year Built1956
Stories1

Land Information

APN0820470000030
Lot Number30
SubdivisionGlenburnie
Land UseResidential
Legal DescriptionLT 30 BLK 7 GLENBURNIE SEC 2
Census Tract530501
Assessed Land Value$79,200
Assessed Improvement Value$158,148
Assessment Year2025

About this property

5035 North Freeway and 623 Delz Street are being sold together, offering excellent visibility, functionality, and income potential. 5035 N Freeway features a reception area, four private offices, a kitchen, one bathroom, and four front parking spaces. It is currently used as an office for a car lot and was previously operated as a mortgage office. A billboard on-site is currently leased, adding consistent rental income and long-term value. 623 Delz Street offers a versatile layout with a reception area, three private offices, a large conference room, 1.5 bathrooms, and a kitchen. The property includes six front parking spaces and a covered back patio, making it ideal for a variety of uses. Both properties are located on the North Freeway feeder road, providing maximum visibility and exposure for your business. This package offers multiple options expand your operations, lease for investment income, or create a multi-use setup. This is a rare opportunity with endless possibilities.

Investor Tools

$335,532Estimated Mortgage Balance
$85,468Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

Interested in this property?

Victor Lopez

PAK Home Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$590/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,973
$237,348
2025
$79,200
$158,148
$237,348
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,973
$237,348

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Robie Chapa
Seller Carryback / Seller Financing / Seller Take-Back
$340,000
No
First
Aug 5, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$335,532
$85,468
20%
80%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,039/mo
$-317/mo
4.9%

City: Houston