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Owner Contacts

$194,461

NAL Estimated Property Value

705 Main St Unit 408, Houston, TX, 77002

Off Market

1 Beds

1 Bath

762 Sq Ft

$218.5 / sqft

Built in 1921

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

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

FlooringStone, Wood

Exterior

Exterior FeaturesExercise Room, Trash Pick Up

Building Information

Year Built1921

Land Information

APN1269460000047

SubdivisionSt Germain Condo 3rd Amend

Land UseResidential

Legal DescriptionUNIT 408 .0092 INT COMMON LAND & ELE ST GERMAIN CONDO 4TH AMEND

Census Tract980700

Assessed Land Value$36,948

Assessed Improvement Value$157,513

Assessment Year2025

About this property

SOLD AS-IS, SELLER DOES NOT INTEND TO DO ANY REPAIRS OR GIVE ANY CONCESSIONS FOR REPAIRS. Classic urban studio/efficiency loft offers all you need for daily living or is perfect for a second home in the city! Huge open approx. 22’ x 19’ room offers abundant space to create Living/Dining/Bedroom & Kitchen areas. Big Bathroom boasts unique oversized shower with dual heads! Kitchen has stained cabinets, granite counters & custom backsplash, SS appliances & Pantry! Entry Hallway can be used for displaying artwork or for furniture. Building has daytime M-F Concierge, gym, rooftop deck, party room & onsite Property Manager. HOA fee includes building & common area insurances & maintenance, water, sewer, trash & building amenities. On MetroRail line & walkable to Minute Maid Park, Toyota Center, Discovery Green Park, Theater District, Market Sq Park, POST HTX, restaurants, bars, coffee shops & ALL Downtown attractions. HOA DOES NOT ALLOW ANY AIRBNB TYPE SHORT TERM RENTALS.

Investor Tools

$194,461

Estimated Property Value

$0Estimated Mortgage Balance

$194,461Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,167 /month

Positive

Cash Flow Estimate:

$389 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$271/month

$685/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,278

$194,461

2025

$36,948

$157,513

$194,461

Tax History

Year

Tax Paid

Assessed Value

2024

$2,278

$194,461

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$194,461

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,530/mo

$685/mo

+$845/mo

9.4%

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