2014 COMMONWEALTH STREET, HOUSTON, TX 77006
Homes for sale in Houston.
Homes for sale in 77006.
2014 Commonwealth Street
Houston, TX 77006
List Price$2,899,990
Listing #98596488
0.56
Acre
Lots / Land
Type
About This Property
RARE OPPORTUNITY to acquire a contiguous assemblage of FIVE parcels totaling approximately 0.56 ACRES in the heart of MONTROSE. The property includes FOUR income-producing commercial buildings totaling approximately 10,750 SF, along with one undeveloped lot--offering immediate cash flow with significant upside for redevelopment, owner-user use, or long-term hold.This prime site is surrounded by UPSCALE residential, boutique retail, and walkable dining, with easy access to Downtown, the Texas Medical Center, Museum District, Hermann Park, and the Ion District. The portfolio currently can generate approximately $17,200//MONTH in rental INCOME, allowing investors to hold the asset while working through project plans, entitlements, and preliminary development without carrying vacant land. With neighboring townhomes trading for over $1M and a significant influx of growth throughout Montrose, this site is positioned in a high-demand area ideal for luxury residential or mixed-use development!
Property Features
Location Information
County
Harris
Longitude
-95.397863
MLS Area
Montrose
Subdivision
Hyde Park
Latitude
29.749236
Directions
Commonwealth Street between Welch St and Indiana Street.
Exterior Features
Acre Range
1/2 Up to 1 Acre
Lot Size in Sq. Ft.
24,178
Lot Description
Corner Lot, Other, Split Possible
Is One Story
No
Lot Size in Acres
0.55
School
School District
Houston
Middle School
LANIER MIDDLE SCHOOL
Elementary School
BAKER MONTESSORI SCHOOL
High School
LAMAR HIGH SCHOOL (HOUSTON)
Additional Information
Finance Available
Cash, Conventional, Investor Financing, Other
Year Built
0
Property Type
LL
Status
Active
Similar Listings
Mortgage Calculator
$13,542
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$10,450
Monthly Tax
$2,416
Monthly Insurance
$676
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
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