Homes for sale - 1529 Welch ST, Houston, TX 77006

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LJ McGowan

lj.mcgowan@engelvoelkers.com +1(832) 287-3042

$ 699,900

Est. payment -/mo

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Active

1529 Welch ST Houston, TX 77006

2 Beds

1 Bath

3,128 SqFt

UPDATED:

11/01/2024 09:47 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,128 sqft

Price per Sqft $223

Subdivision Cherryhurst

MLS Listing ID 43560898

Bedrooms 2

Full Baths 1

Year Built 1925

Annual Tax Amount $13,740

Tax Year 2023

Lot Size 5,000 Sqft

Property Description

Shocking cash flow upside! Percolating potential! This tremendous triplex in the heart of Montrose is fully rented and makes an incredible investment opportunity! It consists of 3 units: a charming duplex and a garage apartment, both built in the 1920s. Both duplex units are rented WELL below market value. This property has been nicely updated and well-maintained with numerous recent renovations. This classic Redbrick duplex exudes warmth with wood floors throughout and this highly sought-after duplex design features upstairs/downstairs units, each filled historic charm and character. Each half of the duplex consists of a spacious 2 bed / 1 bath design. The garage apartment includes a 1 bed / 1 bath design. Total gross rental income is an impressive $4,100 per month, but these rents are WELL below market value. Located in Montrose while also walking distance to the River Oaks Shopping Center makes this location simply unbeatable. (Please don't disturb tenants)

Location

State TX

County Harris

Area Montrose

Interior

Heating Central Gas, Window Unit

Cooling Central Electric, Window Units

Flooring Tile, Wood

Exterior

Roof Type Composition

Accessibility Driveway Gate

Building

Faces North

Story 2

Unit Features Balcony,Hardwood Floors,Patio,Window Coverings

Structure Type Brick,Wood

New Construction No

Schools

Elementary Schools Baker Montessori School

Middle Schools Lanier Middle School

High Schools Lamar High School (Houston)

School District 27 - Houston

Others

Senior Community No

Restrictions None

Tax ID 038-258-000-0003

Energy Description Ceiling Fans,Digital Program Thermostat,North/South Exposure

Acceptable Financing Cash Sale, Conventional, Investor, Seller May Contribute to Buyer's Closing Costs, VA

Tax Rate 2.0148

Disclosures Sellers Disclosure, Tenant Occupied

Listing Terms Cash Sale, Conventional, Investor, Seller May Contribute to Buyer's Closing Costs, VA

Financing Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs,VA

Special Listing Condition Sellers Disclosure, Tenant Occupied

Houston Association of Realtors (HAR MLS)

Listed by Castle Team

LJ McGowan

Advisor | License ID: 716427

+1(832) 287-3042

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