4207 DRAKE STREET, HOUSTON, TX 77005
Homes for sale in Houston.
Homes for sale in 77005.
4207 Drake Street
Houston, TX 77005
List Price$975,000
Listing #79626238
2
Bedrooms
1 full
Bathrooms
4,208
Square Feet
6
Number of Units
Multi-Unit Residential
Type
About This Property
Exceptional 6-unit property located in prestigious West University Place (77005). Situated in one of Houston's most exclusive neighborhoods, this asset boasts washer/dryer connections, central HVAC, copper wiring, and long-term tenants. The property has been well-maintained and offers a rare chance to own a multifamily in an A+ location. With surrounding new development and rents currently 25--30% below market, this is an excellent candidate for a buy-and-hold strategy or long-term redevelopment. This property is being offered individually or as part of a 20-unit multifamily portfolio located in several of Houston's most desirable neighborhoods.
Property Features
Location Information
County
Harris
Subdivision
College Court Place
MLS Area
West University/Southside Area
Directions
Driving Directions from US 59/I-69: Take the Weslayan St exit. Head south on Weslayan St. Turn right onto Drake St. Property will be on the left between Buffalo Speedway and Stella Link.
Latitude
29.724997
Master Planned Community
COLLEGE COURT PLACE
Longitude
-95.44499
Interior Features
Total Number of Units
6
Exterior Features
Stories
2
Lot Size in Acres
0
Is New Construction
No
Lot Size in Sq. Ft.
5,000
Construction
Brick, Wood Siding
Is One Story
No
School
School District
Houston
Middle School
PERSHING MIDDLE SCHOOL
Elementary School
WEST UNIVERSITY ELEMENTARY SCHOOL
High School
LAMAR HIGH SCHOOL (HOUSTON)
Additional Information
Finance Available
Cash, Conventional, FHA
Year Built
1966
Property Type
RI
Status
Active
Property SubType
Multi Family
Similar Listings
Mortgage Calculator
$4,552
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,513
Monthly Tax
$812
Monthly Insurance
$227
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
Real Estate IDX Powered by iHomefinder