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$550,000

791 Fortune Street, Houston, TX, 77088

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths2,376 Sq Ft
price_per_sqft$231.48 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesRange, Disposal, Microwave, Refrigerator
FlooringLaminate

Exterior

Lot Size7,200 sqft

Building Information

Year Built1965

Land Information

APN0710900420055
Lot Number55
SubdivisionLincoln City
Land UseCommercial
Legal DescriptionLT 55 BLK 3 LINCOLN CITY SEC 4
Census Tract533301
Assessed Land Value$72,000
Assessed Improvement Value$154,694
Assessment Year2025

About this property

DO NOT DISTURB THE TENANTS..This super cute Fourplex conveniently situated just minutes from major highways (I-45, I-10, and 610), providing easy access to Downtown Houston, the Galleria, and all the best the city has to offer. Features a stylish brick exterior, The property is fully fenced with backyards, plus a shared front lawn. Each unit boasts an open-concept living area, modern kitchen with white cabinets, laminate surface flooring runs throughout for a seamless look. All units include two bedrooms, a full bath, and laundry space—eight bedrooms and four baths total. Passive income flow, it's the perfect addition to any investor's portfolio. Located in a growing neighborhood, this property is positioned for long-term appreciation and great rental income. One unit is vacant so you have the opportunity to live in one unit as you collect rent from the other three units. Don’t miss out on this turnkey investment opportunity! Check out the area's new developments on Google Street View!

Investor Tools

$285,002Estimated Mortgage Balance
$226,694Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

Interested in this property?

Corey Johnson

RE/MAX Pearland

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$527/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,191
$226,694
2025
$72,000
$154,694
$226,694
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,191
$226,694

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zeus Mortgage Ltd
Conventional
$291,000
No
First
Mar 20, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,002
N/A
0%
126%
$1,745/mo

City: Houston

791 Fortune Street | Property Details | No Agent List