NOT LISTED FOR SALE

Estimated Value: $405,000 - $600,000

3 Beds
2 Baths
2,423 Sq Ft
$207/Sq Ft Est. Value

Last Sold May 15, 2024

Current estimated payment $3,288/month

5 Days on Market

Highlights

  • Programmable Thermostat
  • Central Heating and Cooling System
  • 3-minute walk to Hidalgo Park
  • 1-Story Property
  • Wood Siding

About This Home

As of May 2024

Great investment opportunity to add an income generating property to your portfolio with low operating cost and excellent cap rate in up and coming East End Revitalized! This multifamily property has 4 separate units on a large 5000 square foot lot. Completely renovated from top to bottom, all new roof, plumbing, electric, hvac, windows, siding, insulation, sheetrock, water heaters, bathrooms, kitchen and flooring. All 4 units currently have active lease agreements. Great location, easy access to downtown, metro rail, University of Houston and all major highways.

Last Agent to Sell the Property

Heather Warson

Better Homes and Gardens Real Estate Gary Greene - The Woodlands License #0693537 Listed on: 03/22/2024

Better Homes and Gardens Real Estate Gary Greene - The Woodlands

Last Buyer's Agent

Saad Ansari

Heat Realty LLC License #0788232

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,119

Year Built

  • Built in 1930

Lot Details

  • 5,000 Sq Ft Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding
  • Cement Siding

Interior Spaces

  • 2,423 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Eco-Friendly Details

  • Energy-Efficient Exposure or Shade
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Schools

  • Franklin Elementary School
  • Edison Middle School
  • Austin High School

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat

Community Details

  • 4 Units
  • Central Park Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,119

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: I-10 East, exit Wayside, turn right and continue 2 miles, turn left on Avenue Q, home is on the left.
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Year Built: 1930
  • Subdivision Name: Central Park
  • Architectural Style: Fourplex
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Exposure/Shade, Insulation, Thermostat
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Laminate
  • Interior Amenities: Programmable Thermostat
  • Living Area: 2423.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Lot Features: Other
  • Construction Type: Cement Siding, Wood Siding

Utilities

  • Utilities: Electricity Available, Water Available
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: FRANKLIN ELEMENTARY SCHOOL (HOUSTON)
  • Junior High Dist: 27 - Houston
  • High School: AUSTIN HIGH SCHOOL (HOUSTON)
  • Middle Or Junior School: EDISON MIDDLE SCHOOL

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5119.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2025
Sold by
Larko Nunoo Joana
Bought by
Neela Capital Investments Llc
Current Estimated Value
$501,152

Purchase Details

Listed on
Mar 22, 2024
Closed on
May 15, 2024
Sold by
Smo Homes Inc
Bought by
Larko Nunoo Joana
Seller's Agent
Heather Warson
Better Homes and Gardens Real Estate Gary Greene - The Woodlands
Buyer's Agent
Saad Ansari
Heat Realty LLC
List Price
$560,000
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.44%
Original Mortgage
$416,250
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2022
Closed on
Oct 7, 2022
Sold by
Vpi Avenue Q Llc
Bought by
Smo Homes Inc
Seller's Agent
Carlos Veyna
Keller Williams Realty Southwest
Buyer's Agent
Jeremy J. Harris
Legacy Living Real Estate LLC
List Price
$225,000
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.21%
Original Mortgage
$338,500
Interest Rate
5.55%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 7, 2021
Closed on
Dec 9, 2021
Sold by
Sanmore Investments Llc
Bought by
Vpi Avenue Q Llc
Seller's Agent
Holman (Antonio) Martinez
Alumbra International Properties
Buyer's Agent
Audrey Durham
Sanmore Realty
List Price
$249,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.48%
Original Mortgage
$207,000
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Neela Capital Investments Llc -- None Listed On Document
Larko Nunoo Joana -- Southern Title
Smo Homes Inc -- --
Vpi Avenue Q Llc -- Concierge Title Of Texas Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larko Nunoo Joana $416,250
Previous Owner Smo Homes Inc $338,500
Previous Owner Vpi Avenue Q Llc $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold -- -- --
03/27/2024 03/27/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $560,000 +148.9% $231 / Sq Ft
10/11/2022 10/11/22 Sold -- -- --
08/27/2022 08/27/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $225,000 -10.0% $232 / Sq Ft
12/09/2021 12/09/21 Sold -- -- --
11/09/2021 11/09/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $249,900 -- $258 / 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
2024 $6,953 $332,318 $85,000 $247,318
2023 $6,953 $217,640 $85,000 $132,640
2022 $2,372 $174,353 $80,000 $94,353
2021 $2,137 $172,143 $62,500 $109,643
2020 $2,143 $121,798 $50,000 $71,798
2019 $2,031 $110,474 $40,000 $70,474
2018 $0 $68,881 $25,000 $43,881
2017 $1,743 $68,881 $25,000 $43,881
2016 $1,585 $59,159 $25,000 $34,159
2015 -- $59,159 $25,000 $34,159
2014 -- $49,153 $25,000 $24,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 97565138

Houston Association of REALTORS®

APN: 0390800000005