$4,000,000

422 Lovett Blvd Unit 6 Houston, TX 77006

Montrose Neighborhood

Estimated payment $24,775/month

Total Views 7,904
3 Beds
2 Baths
7,880 Sq Ft
$508 Price per Sq Ft

Highlights

  • 17,000 Sq Ft lot
  • Property is near public transit
  • Corner Lot
  • Baker Montessori Rated A-
  • Wood Flooring
  • Granite Countertops

About This Home

Introducing a prime multifamily investment opportunity in the heart of Montrose! This well-maintained property offers six units: four spacious 3-bedroom, 2-bathroom units and two cozy 1-bedroom, 1-bathroom units, all 100% occupied. Situated on a generous 17,000 square foot lot, the property features gated parking, an on-site laundry facility, and a large common backyard, perfect for outdoor relaxation. The unbeatable location places you minutes from downtown, the Texas Medical Center, and Midtown, with easy access to shopping, dining, and entertainment. This is a rare opportunity to own a fully-leased property in one of Houston’s most vibrant neighborhoods.

Listing Agent

Christopher Williams

Better Homes and Gardens Real Estate Gary Greene - West Gray License #0633196

Better Homes and Gardens Real Estate Gary Greene - West Gray

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,190

Year Built

  • Built in 1920

Lot Details

  • 0.39 Acre Lot
  • South Facing Home
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,880 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Washer and Dryer Hookup

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Brick
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Security Gate
  • Fire and Smoke Detector

Parking

  • 1 Parking Space
  • Electric Gate

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Insulation

Location

  • Property is near public transit

Schools

  • Baker Montessori Elementary School
  • Gregory-Lincoln Middle School
  • Lamar High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • Montrose Subdivision
  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,190

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Directions: 1 Block south of Westheimer, 1 block west of Taft, 3 blocks east of Montrose. Properties are located at the NE corner of Lovett @ Whitney.
  • Property Sub Type: Detached
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1920
  • Subdivision Name: Montrose
  • Architectural Style: Split Level
  • Unit Levels: Two, Multi/Split
  • New Construction: No
  • Efficiency: HVAC, Insulation
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Brick, Tile, Wood, Hardwood
  • Interior Amenities: Granite Counters, Ceiling Fan(s)
  • Living Area: 7880.0
  • Window Features: Window Coverings
  • ResoLivingAreaSource: Owner

Exterior Features

  • Disclosures: Fixture Leases
  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Corner Lot, Near Public Transit
  • Construction Type: Brick, Wood Siding
  • Direction Faces: South

Garage/Parking

  • Parking Features: Electric Gate

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Laundry Features: Common Area, Washer Hookup, Dryer Hookup
  • Security: Security Gate, Fire Alarm
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes

Schools

  • Elementary School: BAKER MONTESSORI SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: LAMAR HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: GREGORY-LINCOLN MIDDLE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 31190.0

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 9850.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2023 $16,579 $794,000 $540,000 $254,000
2022 $15,814 $718,189 $506,250 $211,939
2021 $16,741 $718,288 $506,250 $212,038
2020 $16,903 $698,000 $506,250 $191,750
2019 $17,044 $673,553 $472,500 $201,053
2018 $15,932 $629,600 $472,500 $157,100
2017 $16,717 $630,000 $472,500 $157,500
2016 $14,822 $558,559 $405,000 $153,559
2015 $13,847 $558,559 $405,000 $153,559
2014 $13,847 $538,660 $337,500 $201,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 For Sale $4,000,000 -- $508 / Sq Ft
Source: Houston Association of REALTORS®

Deed History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed -- Regency Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $180,500 Unknown
Previous Owner $135,000 Purchase Money Mortgage
Source: Public Records

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Source: Houston Association of REALTORS®

MLS Number: 47513051

Houston Association of REALTORS®

APN: 0261340000009