1959 RICHMOND AVENUE, HOUSTON, TX 77098

Homes for sale in Houston.

Homes for sale in 77098.


1959 Richmond Avenue

Houston, TX 77098

Status of the property has changed, please contact for details

List Price$798,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #32283796

2

Bedrooms

2 full

Bathrooms

4,406

Square Feet

Multi-Unit Residential

Type

About This Property

Investor's Dream in Upper Kirby Corridor -- Exceptional opportunity to own a multi-family property in one of Houston's most dynamic and sought-after submarkets. This tenant occupied 4-plex, located on prestigious Richmond Avenue between Montrose and Upper Kirby. A fifth unit is partially constructed and ready to be completed or converted into extra parking--an ideal value-add play to boost future returns. Main building consists of 2 units, side by side, each is 2 beds and 1 and 1/2 baths. Structure in the back has 2 studios upstairs and a framed, but unfinished large 5th unit downstairs. Situated just minutes from the Texas Medical Center, Rice University, Greenway Plaza, and the Museum District, this property benefits from unmatched centrality and rental demand. Enjoy access to world-class dining, retail, public transit--making it a prime location for both long-term and short-term rental strategies. Property has a new roof and updated appliances. Tenant occupied, do not disturb tenants

Property Features

Location Information

County

Harris

Geo Market Area

Montrose

MLS Area

16

Subdivision

Richmond Place

Latitude

29.734045

Directions

Head south on Gessner Rd or Wirt Rd toward I-10. Get on I-10 East toward downtown Houston. Take the exit for I-610 South and merge onto the loop. Continue on I-610 South for about 4 miles. Take the Richmond Ave exit. Turn left onto Richmond Ave. Continue heading east--1959 Richmond Ave will be on your right.

Longitude

-95.409446

Interior Features

Has Fireplace

No

Exterior Features

Stories

2

Lot Size in Acres

0

Is New Construction

No

Lot Size in Sq. Ft.

5,400

Has Garage

No

Is One Story

No

School

School District

Houston

Middle School

LANIER MIDDLE SCHOOL

Elementary School

POE ELEMENTARY SCHOOL

High School

LAMAR HIGH SCHOOL (HOUSTON)

Additional Information

Property Type

RI

Year Built

1930

Property SubType

Multi-Family

Status

Active

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Mortgage Calculator

$3,726

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,875

Monthly Tax

$665

Monthly Insurance

$186

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

Listing Courtesy of: Great Western Realty

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