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Owner Contacts

$885,000

NAL Estimated Property Value

5506 Beverlyhill St # 8, Houston, TX, 77056

Off Market

Commercial

2 Beds

1 Bath

8,960 Sq Ft

$172.99 / sqft

Built in 1960

Highlights

Interior

Bedrooms 2

Bathrooms Half 1

Garage Available

Heating Forced Air Unit

Cooling

Exterior

Exterior FeaturesBalcony

Lot Size15,120 sqft

Building Information

Year Built1960

Garage Spaces4

Land Information

APN0834900000002

Lot Number2,3

SubdivisionLarchmont

Land UseCommercial

Legal DescriptionLTS 2 & 3 & TR 1A BLK 1 LARCHMONT SEC 1

Census Tract432703

Assessed Land Value$377,950

Assessed Improvement Value$507,050

Assessment Year2025

About this property

GREAT LAND AT GALLERIA LOCATION!! Option 1 - Run as is and enjoy appreciation. Option 2 - Remodel units, cover the fabulous patios and increase revenue. Option 3 - Develop this land Boutique complex of 8 townhomes. 1 unit is furnished as an AirBnB with two other units empty and ready for transition if desired. Each has front and back door, private balcony and walled private patio. The laundry and green space are shared by all tenants. Two units have been fitted with washer and dryer connections in the downstairs closet. Each has one covered parking space and one tandem space that is uncovered. Approximately 1100 sq ft each with two large bedrooms and a full bath upstairs. Downstairs is the living space, kitchen and half bath. 2022 expenses include a full privacy fence at the back of the complex, a hard-wired camera system for added security, and parking structure renovations. Feel free to walk the property but please do not disturb the residents.

Investor Tools

$885,000

Estimated Property Value

$626,364Estimated Mortgage Balance

$258,636Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$9,300 /month

Positive

Cash Flow Estimate:

$3,100 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,968/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$31,189

$885,000

2025

$377,950

$507,050

$885,000

Tax History

Year

Tax Paid

Assessed Value

2024

$31,189

$885,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Athas Capital Group Inc

Commercial

$766,500

First

Jul 10, 2017

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$626,364

$258,636

29%

71%

$4,596/mo

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