1529 Welch St

Houston, TX 77006
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3,128 Sqft. ($229/Sqft.)
5,000 Lot Sqft
Multi-Family - Triplex

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Description

This tremendous triplex in the heart of Montrose is fully rented and makes an incredible investment opportunity! It consists of three units: a charming duplex and a garage apartment, both built in the 1920s. This property has been nicely updated and well-maintained with numerous recent renovations. This classic Redbrick duplex exudes warmth and elegance with wood floors throughout, offering durability and timeless appeal. This highly sought-after duplex design features upstairs/downstairs units, each filled with loads of charm and character. A perfect combination of modern updates and historic charm, this property is sure to impress. The duplex includes two units, which each include a 2 bed and 1 bath design. The garage apartment includes a 1 bed and 1 bath design. Total gross rental income is an impressive 4,100 per month. Located in Montrose while also walking distance to the River Oaks Shopping Center makes this location simply unbeatable. Make this your next great investment today.

MLS#
43560898
List Price
$715,000 ($229/Sqft.)
Listing Status
For Sale
Address
1529 Welch St
City
State
TX
Zip Code
County
Legal Description
TRS 3 & 4 BLK 23 CHERRYHURST
Property Type
Multi-Family - Triplex
Stories
2
Building Size
3,128 Sqft/Appraisal District
Year Built
1925 /Appraisal District
Lot Size
5,000 Sqft./Appraisal District
Key Map©
492R
Market Area

Exterior

Roof
Composition
Exterior Type
Brick, Wood
Parking
Driveway Gate, Off Site Parking, Paved Area
Controlled Access
Driveway Gate
Front Door Face
North

Interior

Countertop
Granite
Floors
Tile, Wood
Cooling
Central Electric, Window Units
Heating
Central Gas, Window Unit
Dishwasher
Yes
Disposal
No
Microwave
Yes
Energy Feature
Ceiling Fans, North/South Exposure, Digital Program Thermostat

Lot information

Lot Size
5,000 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial

Financing Considered
Cash Sale, Conventional, Investor, VA
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$13,740/2023
Tax Rate
2.0148

Additional information

List Type
Exclusive Right to Sell/Lease
Unit Feature
Balcony,Hardwood Floors,Patio,Window Coverings
Buyer Agent Compensation*
3%
Sub Agent Compensation*
0%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Estimated electricity cost

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Down Payment Assistance

Down Payment Assistance
This property may be eligible for 10 programs and up to $33,962 in down payment assistance.  See More →

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

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Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Source

Houston Association of REALTORS
Source last updated Jul 12, 2024 at 07:07 AM
Listing last updated Jul 12, 2024 at 04:57 AM

1529 Welch St, Houston, TX 77006. View photos, map, tax, nearby homes for sale, home values, school info...

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