NOT LISTED FOR SALE

4109 Cavalcade St Unit 5 Houston, TX 77026

Kashmere Gardens Neighborhood

Estimated Value: $161,000 - $459,000

-- Bed
-- Bath
3,448 Sq Ft
$76/Sq Ft Est. Value

Last Sold July 23, 2018

Current estimated payment $1,871/month

121 Days on Market

Highlights

  • Fitness Center
  • Property is near public transit
  • Window Unit Cooling System
  • Gated with Attendant
  • Wood Flooring
  • Handicap Accessible

About This Home

As of July 2018

INVESTORS! Great property inside the loop! Fully occupied 5plex, all 2 bedrooms making $3,620 a month in rents. Water is the only bill paid by landlord. GREAT OPPORTUNITY FOR CASHFLOW! 3 units rented for $700, and 2 units for $760, which presents an opportunity to raise rents and cash flow even more, or open them to section 8 which pays up to $870 per 2 bedroom! Property is right in front of a metro station, and 5 minutes to downtown. Not flooded by Harvey. Lots of parking. Will sell fast, call to schedule your appointment TODAY

Last Agent to Sell the Property

Boris Sanchez

Sanmore Realty License #0655101 Listed on: 02/21/2018

Last Buyer's Agent

Richard Lovings

5th Stream Realty License #0290737

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,707

Year Built

  • Built in 1965

Lot Details

  • 0.28 Acre Lot
  • South Facing Home
  • Partially Fenced Property

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,448 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Parking

  • 2 Parking Spaces
  • Paved Parking

Schools

  • Kashmere Gardens Elementary School
  • Key Middle School
  • Kashmere High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Cable TV Available

Additional Features

  • Handicap Accessible
  • Property is near public transit

Community Details

Overview

  • 5 Units
  • City Gardens Subdivision

Recreation

  • Fitness Center

Building Details

  • Operating Expense $6,480
  • Gross Income $43,440
  • Net Operating Income $32,081

Security

  • Gated with Attendant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,707

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Year Built: 1965
  • Subdivision Name: City Gardens
  • Unit Levels: One
  • New Construction: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48201:066-003-000-0026
  • Special Features: None

Interior Features

  • Appliances: Disposal, Refrigerator
  • Other Equipment: Satellite Dish
  • Flooring: Tile, Wood
  • Interior Amenities: Handicap Access, Laminate Counters, Ceiling Fan(s)
  • Living Area: 3448.0

Exterior Features

  • Disclosures: None
  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Near Public Transit
  • Construction Type: Brick, Wood Siding
  • Direction Faces: South

Garage/Parking

  • Parking Features: Paved

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Security: Gated with Attendant
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fitness

Schools

  • Elementary School: KASHMERE GARDENS ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: KASHMERE HIGH SCHOOL
  • Middle Or Junior School: KEY MIDDLE SCHOOL

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2707.0

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 43440.0
  • Property Net Operating Income: 32081.0
  • Annual Operating Expense: 6480.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Jul 18, 2018
Sold by
Lerma Luis G and Lerma Viola P
Bought by
1031 Series Llc
Seller's Agent
Boris Sanchez
Sanmore Realty
Buyer's Agent
Richard Lovings
5th Stream Realty
List Price
$300,000
Current Estimated Value
$263,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.16%

Purchase Details

Closed on
Oct 1, 2013
Sold by
Mclendon Interests Llc
Bought by
Lerma Luis G and Lerma Vanessa

Purchase Details

Closed on
Jul 25, 2012
Sold by
Rankin Patricia
Bought by
Mclendon Interests Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.68%

Purchase Details

Closed on
Jul 16, 2005
Sold by
Mclendon Interests Llc
Bought by
Rankin Ted and Rankin Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 12, 1999
Sold by
Brew Willie N and Brew Willie N
Bought by
Mclendon Interests Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1031 Series Llc -- Old Republic National Title
Lerma Luis G -- None Available
Mclendon Interests Llc -- None Available
Rankin Ted -- First American Title
Mclendon Interests Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mclendon Interests Llc $50,000
Previous Owner Rankin Ted $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Off Market -- -- --
07/23/2018 07/23/18 Sold -- -- --
06/23/2018 06/23/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $300,000 -- $87 / Sq Ft
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,775 $308,752 $144,000 $164,752
2024 $5,775 $256,128 $132,000 $124,128
2023 $5,775 $286,637 $132,000 $154,637
2022 $4,644 $185,844 $84,000 $101,844
2021 $2,973 $127,548 $60,000 $67,548
2020 $3,952 $163,208 $36,000 $127,208
2019 $4,532 $179,110 $42,000 $137,110
2018 $2,936 $116,027 $36,000 $80,027
2017 $2,709 $107,152 $30,000 $77,152
2016 $2,715 $107,375 $30,000 $77,375
2015 $2,255 $107,520 $30,000 $77,520
2014 $2,255 $87,713 $12,000 $75,713
Source: Public Records

Agents Affiliated with this Home

  • Boris Sanchez

    Seller's Agent in 2018

    Boris Sanchez

    Sanmore Realty

    (713) 480-0002

    19 Total Sales

    Boris Sanchez
    Section Image

  • R

    Buyer's Agent in 2018

    Richard Lovings

    5th Stream Realty

See All Agents

Map

Source: Houston Association of REALTORS®

MLS Number: 59938866

Houston Association of REALTORS®

APN: 0660030000026

Texas Harris County Houston 77026 Kashmere Gardens

4109 Cavalcade St Unit 5, Houston, TX

Not Listed for Sale

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