1529 Welch Street
Houston, TX 77006
3128 sqft | 2 beds | 1 bath | 0.11 acres | #43560898
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)
Property Details
- High SchoolLAMAR HIGH SCHOOL (HOUSTON)
- Exterior MaterialsPrivate Entrance, Balcony
- Elementary SchoolBaker Montessori School
- InteriorCountertops(Granite)
- Middle SchoolLanier Middle School
- Property SubtypeMulti Family, Triplex
- Property TypeMulti-Family
- School District27 - Houston
- SubdivisionCherryhurst
- MLS #43560898
- MLS #43560898
- Taxes Annual$13,740
- Acres0.1148
- CountyHarris
- Cost699900
- Square Feet3128
- Year Built1925
- Bedrooms2
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated: . Source: HARMLS
Listing Courtesy
Listing Agent: Rory Higgins (#castles)
Listing Office: Castle Team (#HUCO01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
