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Owner Contacts

$181,329

NAL Estimated Property Value

705 Main St Unit 306, Houston, TX, 77002

Off Market

1 Beds

1 Bath

709 Sq Ft

Condos / Townhouses

$244.01 / sqft

Built in 1921

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringStone, Wood

Building Information

Year Built1921

Land Information

APN1269460000024

SubdivisionSt Germain Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 306 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND

Census Tract980700

Assessed Land Value$34,453

Assessed Improvement Value$146,876

Assessment Year2025

About this property

Delightful studio/efficiency unit in the center of all Downtown attractions is perfect for daily living or a pied-a-terre getaway. High ceilings, reclaimed wood floors & abundant natural light assist in making this unit live larger than its actual size! Efficient floor plan has approximately 23’x19’ Living/Dining/Bedroom/Kitchen area, spacious walk-in closet & large Bath with tub/shower combo. Kitchen features dark stained cabinetry, SS appliances and granite counters & backsplash. Washer, dryer & refrigerator included. Building has M-F Concierge, gym, rooftop deck, party room & onsite Property Manager. HOA fee includes building & common area insurance & maintenance, water, sewer & trash. On MetroRail line & walkable to ALL Downtown attractions. AIRBNB RENTALS NOT ALLOWED.

Investor Tools

$181,329

Estimated Property Value

$152,725Estimated Mortgage Balance

$28,604Estimated Equity

15% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,088 /month

Positive

Cash Flow Estimate:

$363 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$390/month

$660/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,769

$181,329

2025

$34,453

$146,876

$181,329

Tax History

Year

Tax Paid

Assessed Value

2024

$3,769

$181,329

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nations Lending Corp

Conventional

$155,700

First

Apr 11, 2025

May 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$152,725

$28,604

15%

84%

$934/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$1,594/mo

$-64/mo

10.1%

Learn About the Market: Opportunity in Houston

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