$1,600,000

Estimated payment $9,124/month

Total Views 1,989
2 Beds
1 Bath
8,400 Sq Ft
$190 Price per Sq Ft

Highlights

  • 15,000 Sq Ft lot
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

CASH COW INVESTMENT OPPORTUNITY 8% CAP RATE. The property consists of 3 buildings 6614, 6618 and 6622 London Street. This property features 12 units, all 2 bedrooms and 1 bathroom, providing excellent marketability. 100% OCCUPIED AND FULLY LEASED. Ample off-street parking for each tenant as well as guest parking. The property thrives due to its proximity to U of H, the Medical Center, Professional Sports teams, and easy access to 288 Fwy. This is truly a turnkey opportunity. Its proximity to major downtown employers attracts young professionals, ensuring a steady demand for rental units. The property is located in an opportunity zone, providing potential tax benefits for investors. The property is ideally located near U of H, TSU, the Medical Center, Downtown Houston, Midtown, Montrose, and more, making it highly desirable for tenants. House hack or invest with ease – this is a TURNKEY property! For details on income please request for reports. DRIVE BY ONLY... DO NOT DISTURB TENANTS.

Listing Agent

Jay Thomas

eXp Realty LLC License #0550416 Listed on: 03/07/2025

eXp Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,077

Year Built

  • Built in 1950

Home Design

  • Composition Roof

Interior Spaces

  • 8,400 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Peck Elementary School
  • Cullen Middle School
  • Yates High School

Additional Features

  • 0.34 Acre Lot
  • Central Heating and Cooling System

Community Details

  • Grand Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,077

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: 610 South, right on Cullen, right on Hull, right on London Street
  • Property Sub Type: Detached
  • Prop. Type: Residential Income
  • Building Stories: 1
  • Year Built: 1950
  • Subdivision Name: Grand Park
  • Unit Levels: One
  • New Construction: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 8400.0

Exterior Features

  • Roof: Composition

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: PECK ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: YATES HIGH SCHOOL
  • Middle Or Junior School: CULLEN MIDDLE SCHOOL (HOUSTON)

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5077.0

Multi Family

  • Number Of Units Total: 12

Map

Range of Values:

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Average Value
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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
2024 $5,077 $242,664 $85,000 $157,664
2023 $5,077 $251,747 $85,000 $166,747
2022 $4,889 $222,020 $70,000 $152,020
2021 $3,875 $166,275 $45,000 $121,275
2020 $3,688 $152,303 $28,750 $123,553
2019 $4,097 $161,912 $28,750 $133,162
2018 $3,263 $128,964 $25,000 $103,964
2017 $2,542 $100,532 $20,000 $80,532
2016 $1,563 $61,821 $18,750 $43,071
2015 $1,542 $69,860 $12,500 $57,360
2014 $1,542 $60,000 $12,500 $47,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 For Sale $1,600,000 -- $190 / Sq Ft
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- Harmon Law Firm Pc
Deed $2,964,072 Lancaster Law Firm Pllc
Special Warranty Deed -- None Available
Warranty Deed -- None Available
Vendors Lien -- None Available
Vendors Lien -- None Available
Special Warranty Deed -- None Available
Trustee Deed $129,505 None Available
Warranty Deed -- Commonwealth Title
Warranty Deed -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $348,750 New Conventional
Open $787,500 New Conventional
Previous Owner $2,964,072 New Conventional
Previous Owner $72,500 Commercial
Previous Owner $30,900 Commercial
Previous Owner $123,600 Commercial
Source: Public Records

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Source: Houston Association of REALTORS®

MLS Number: 63246297

Houston Association of REALTORS®

APN: 0572730010020