$2,225,000
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1 Bed
1 Bath
10,100 SqFt
SOLD DATE : 04/27/2022
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 10,100 sqft
Price per Sqft $212
Subdivision Montlew Place
MLS Listing ID 55684822
Sold Date 04/27/22
Bedrooms 1
Full Baths 1
HOA Fees $25
Year Built 1940
Annual Tax Amount $34,797
Tax Year 2021
Lot Size 0.287 Acres
Property Sub-Type 5 Plus
Property Description
Fantastic opportunity!! Montrose Square consists of fifteen (15) one bedroom units and serves its residents with on site parking and laundry facilities. The property has three buildings; two historic quadraplexes originally built in 1940 and a 7 unit garden style building which was added in 1962. Staying 100% occupied and still potential upside in rent. These large units feature stainless steel appliances, great floorplans and original hardwood floors. Over $100K in capital spent in last 12 months on: all roofs replaced (2020), electrical updated (2021), Certificate of occupancy renewed (2021), parking lot resurfaced (2021), multiple older AC replacements (2021). Please do not disturb tenants.
Location
State TX
County Harris
Area Montrose
Interior
Heating Central Electric
Cooling Central Gas
Exterior
Roof Type Composition
Building
Story 2
Structure Type Brick
New Construction No
Schools
Elementary Schools Poe Elementary School
Middle Schools Lanier Middle School
High Schools Lamar High School (Houston)
School District 27 - Houston
Others
HOA Fee Include Gas,Water and Sewer
Senior Community No
Restrictions None
Tax ID 038-224-000-0001
Tax Rate 2.3994
Disclosures No Disclosures
Special Listing Condition No Disclosures
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