Last 24 Hours
$399,900
6905 Palestine Street, Houston, TX, 77020
On Market
Commercial
1 Beds
1 Bath
2,764 Sq Ft
Multi Family
$144.68 / sqft
Built in 1936Highlights
Interior
Bedrooms 1
Bathrooms Full 2
Heating Central
CoolingExterior
Lot Size5,001 sqft
Building Information
Year Built1936
Stories1
Land Information
APN0533330000027
Lot Number27
SubdivisionLiberty Heights
Land UseResidential
Legal DescriptionLT 27 BLK 29 LIBERTY HEIGHTS SEC 3
Census Tract211501
Assessed Land Value$75,000
Assessed Improvement Value$124,718
Assessment Year2025
About this property
Fully leased triplex with over $36k in annual revenue. Unit A is a 2-bed 1-bath leased at $1200/mo. Unit B is a 2-bed 2-bath leased at $1140/mo. Unit C is a 1-bed 1-bath with private patio leased at $695/mo. All units have washer and dryer in unit.
Investor Tools
$197,544Estimated Mortgage Balance
$218,456Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,496 /month
Positive
Cash Flow Estimate:
$832 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$485/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,736
$199,718
2025
$75,000
$124,718
$199,718
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,736
$199,718
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending
Conventional
$206,250
No
First
Feb 22, 2024
Mar 2054
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,544
$218,456
52%
47%
$1,237/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,237/mo
+$989/mo
6.4%
12.4%