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$588,736

NAL Estimated Property Value

706 Memorial Mews St Street, Houston, TX, 77079

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths3,932 Sq Ft
Multi FamilyMulti Family
price_per_sqft$176.75 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDisposal, Dishwasher
FlooringTile

Exterior

Lot Size6,582 sqft

Building Information

Year Built1980

Land Information

APN1147280020028
Lot Number28
SubdivisionMeadows On Memorial
Land UseCommercial
Legal DescriptionLT 28 BLK 2 MEADOWS ON MEMORIAL
Census Tract450600
Assessed Land Value$164,500
Assessed Improvement Value$424,236
Assessment Year2025

About this property

Great fourplex rental investment in nice subdivision of Meadows on Memorial! It is in the heart of the Energy Corridor. West of Memorial Dr., adjacently to the Buffalo Bayou Bike Trail & Terry Hershey Park. Two & 1/2 years old roof, (Oct. 2021). Unit A & B, 2bed/2bath. Unit C & D, 3bed/2bath. Unit C was renovated late Oct. 2021. Newly painted. Remodel fireplace with mantel. Master bath, newly installed quartz vanity. Newly installed lighting in both bathrooms, dinner room, hallway, recessed lights in the living, and kitchen. Newly installed a new set of washer & dry. New AC unit for Unit C (Jan. 2023). Community pool and a tennis court. It is conveniently access to I-10, Beltway 8 and Highway 6. Five mins to Memorial City Center and 10 mins to Memorial City Mall.

Investor Tools

Property Icon
$588,736
Estimated Property Value
$506,514Estimated Mortgage Balance
$82,222Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
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
$1,495/month
$404/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,992
$588,736
2025
$164,500
$424,236
$588,736
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,992
$588,736

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$536,000
No
First
May 23, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$506,514
$82,222
13%
86%
$3,214/mo

City: Houston

706 Memorial Mews St Street | Property Details | No Agent List