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$79,999

7037 Avenue L, Houston, TX, 77011

$98,182 ARVInfo
On MarketInfo
Beds2 Beds
Baths1 Bath
Baths810 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.76 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
AppliancesElectric Oven, Electric Range
FlooringVinyl

Exterior

Lot Size2,500 sqft

Building Information

Year Built1936
Stories1

Land Information

APN0511140070006
Lot Number6
SubdivisionMagnolia Park Extn
Land UseResidential
Legal DescriptionLT 6 BLK 7 MAGNOLIA PARK EXTN
Census Tract311002
Assessed Land Value$67,500
Assessed Improvement Value$48,086
Assessment Year2025

About this property

Situated in a highly desirable area just east of Downtown Houston, this 2-bedroom, 1-bath home offers exceptional potential for investors, builders, or buyers looking to create something new. Nestled on a generous lot, this property offers an excellent opportunity for renovation or future redevelopment to maximize its value. Surrounded by ongoing growth and new construction, this location provides convenient access to major highways, shopping, and Downtown Houston. Whether you're envisioning a custom home or a new investment project, the possibilities are endless. The seller is motivated and ready for her next chapter. Make this a great opportunity to secure property in one of Houston's rapidly developing areas. Buyer to independently verify lot dimensions, building restrictions, and development opportunities. Don't miss out. Call for your showing appt today.

Investor Tools

$0Estimated Mortgage Balance
$115,586Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$98,182
Rent-to-Value Ratio: 0.72%
Rent Estimate
$694 /month
Positive
Cash Flow Estimate:
$231 /month

Interested in this property?

Jaime Corona

Keller Williams Signature

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$231/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,190
$115,586
2025
$67,500
$48,086
$115,586
Yes (2018)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,190
$115,586

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$138,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
13.6%

City: Houston

7037 Avenue L | Property Details | No Agent List