B+

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Owner Contacts

$175,319

NAL Estimated Property Value

6000 Reims Road 2501, Houston, TX, 77036

Off Market

2 Beds

3 Bath

1,640 Sq Ft

Condos / Townhouses

$103.66 / sqft

Built in 1984

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Double Oven, Electric Oven, Microwave, Electric Range, Dishwasher, Washer/Dryer, Refrigerator

FlooringTile, Wood

Building Information

Year Built1984

Garage Spaces2

Land Information

APN1161370060001

SubdivisionGalleria Diplomat T/H Condo

Land UseResidential

Legal DescriptionUNIT 2501 BLDG F .005000 INT COMMON LAND & ELE GALLERIA DIPLOMAT T/H CONDO

Census Tract432803

Assessed Land Value$33,311

Assessed Improvement Value$142,008

Assessment Year2025

About this property

Don't miss this rare find! FULLY RENOVATED in 2014 (new plumbing & electrical) & UPSTAIRS RENOVATED in 2018 home in Houston's best kept secret condo complex - The Galleria Diplomat! UNBEATABLE LOCATION close to the Galleria, Chinatown, Harwin shopping, and has easy access to freeways. This move-in ready END UNIT 2/2.5 home features MANY RECENT IMPROVEMENTS: BRAND NEW WINDOWS upstairs (July 2021), AC, stove, dishwasher and refrigerator (less than 3 years old). Upon entering the home, the fantastic open living/dining and kitchen greets you! This home is a fabulous place to entertain guests and family. Timeless tile on the first floor and gleaming hardwood throughout the second floor. You will appreciate the beautifully renovated bathrooms and 2 wood-burning fireplaces. This 24/7 manned guard gated community offers two swimming pools! HOA covers: 24 hour live security, water & weekly garbage pickup. NOT IN FLOOD ZONE and has NEVER FLOODED! Full sized washer & dryer conveys with the home.

Investor Tools

$175,319

Estimated Property Value

$133,614Estimated Mortgage Balance

$41,705Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,052 /month

Positive

Cash Flow Estimate:

$351 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$390/month

$370/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,805

$175,319

2025

$33,311

$142,008

$175,319

Tax History

Year

Tax Paid

Assessed Value

2024

$3,805

$175,319

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$134,000

First

Mar 31, 2026

Apr 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$133,614

$41,705

23%

76%

$804/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,174/mo

+$133/mo

8.9%

Learn About the Market: Opportunity in Houston

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