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$273,052

6615 Allegheny St, Houston, TX, 77021

$354,968 ARV

Off Market

0 Bath

2,712 Sq Ft

Built in 1982

Property Lead Type:

Absentee Owner

Highlights

Interior

Bathrooms 0

Exterior

Lot Size5,001 sqft

Building Information

Year Built1982

Land Information

APN0512870000002

Lot Number4

Land UseIndustrial

Legal DescriptionLT 4 BLK 7 HERMAN PARK COURT

Census Tract313700

Assessed Land Value$110,000

Assessed Improvement Value$163,052

Assessment Year2025

About this property

Great Investment Opportunity! Located inside the 610 Loop just minutes from Downtown, The Texas Medical Center, NRG Stadium, University of Houston, and The Museum District. Located one block off of 288 and OST. This stunning, secure 60x40 Warehouse has two offices and bathroom on lower level. The Warehouse also has a bonus room upstairs that may be utilized as a studio apartment with full bathroom. The property includes a total of three oversized lots with perimeter fence, automatic gate and camera system. There are many future developments in the area including the Hines & 2ML 52 Acre Development Levit Green (Formerly Grocery Supply). The development will include office, residential, shopping, dining and research facilities per a press release in the Houston Business Journal. Levit Green is within a quarter mile of the property. Make your apt today !!

Investor Tools

$273,052

Estimated Property Value

$231,000Estimated Mortgage Balance

$95,077Estimated Equity

15% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$354,968

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,170 /month

Positive

Cash Flow Estimate:

$1,390 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$650/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,429

$273,052

2025

$110,000

$163,052

$273,052

Tax History

Year

Tax Paid

Assessed Value

2024

$6,429

$273,052

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Relative Lending Llc

Commercial

$231,000

First

Sep 25, 2015

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$177,975

$95,077

34%

65%

$1,385/mo

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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