1529 Welch ST Pending Save Request In-Person Tour Request Virtual Tour
Houston,TX 77006
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,128 sqft
Price per Sqft $223
Subdivision Cherryhurst
MLS Listing ID 43560898
Bedrooms 2
Full Baths 1
Year Built 1925
Annual Tax Amount $13,740
Tax Year 2023
Lot Size 5,000 Sqft
Property Description
Shocking cash flow upside! Percolating potential! This tremendous triplex in the heart of Montrose is fully rented and makes an incredible investment opportunity! It consists of 3 units: a charming duplex and a garage apartment, both built in the 1920s. Both duplex units are rented WELL below market value. This property has been nicely updated and well-maintained with numerous recent renovations. This classic Redbrick duplex exudes warmth with wood floors throughout and this highly sought-after duplex design features upstairs/downstairs units, each filled historic charm and character. Each half of the duplex consists of a spacious 2 bed / 1 bath design. The garage apartment includes a 1 bed / 1 bath design. Total gross rental income is an impressive $4,100 per month, but these rents are WELL below market value. Located in Montrose while also walking distance to the River Oaks Shopping Center makes this location simply unbeatable. (Please don't disturb tenants)
Location
State TX
County Harris
Area Montrose
Interior
Heating Central Gas,Window Unit
Cooling Central Electric,Window Units
Flooring Tile,Wood
Exterior
Roof Type Composition
Building
Story 2
Structure Type Brick,Wood
New Construction No
Schools
Elementary Schools Baker Montessori School
Middle Schools Lanier Middle School
High Schools Lamar High School (Houston)
School District 27 - Houston
Others
Acceptable Financing Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs,VA
Listing Terms Cash Sale,Conventional,Investor,Seller May Contribute to Buyer's Closing Costs,VA
Special Listing Condition Sellers Disclosure,Tenant Occupied