Pending

1529 Welch Street

Houston TX, 77006

$699,900


$223.75 per sqft

Pending

2 Beds

1 Bath

3,128 sqft

Multi-family

Built in 1925

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)

43560898

MLS ID

July 11, 2024

Listed

October 22, 2024

Updated

Map

1529 Welch Street
Houston TX, 77006

Interior Features

Total Stories

2


Bedrooms

2


Total Bathrooms

1


Full Bathrooms

1


Interior Features

Countertops(Granite)


Appliances

Range, Microwave, Dishwasher, Refrigerator


Laundry Description

Central Laundry


Floor Description

Tile, Wood, Hardwood


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Electric, Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Window Unit

Exterior/Building Features

Lot Size

0.11 Acres


Exterior Features

Private Entrance, Balcony


Roof

Composition

School Information

School District

27 - Houston


High School

Lamar High School (Houston)


Elementary School

Baker Montessori School

Other Property Details

Area Name

16


Taxes

$13,740


Tax Frequency

Annually


Days on Market

98


Garage

No


Parking

Driveway Gate, Off Site, Paved


View

No


County

Harris


Pool

No

Listing History

Date

Event

Price

10/19/2024

Pending

8/13/2024

Price change

$699,900

-3%

 

Courtesy of Castle Team, Rory Higgins 

Based on information from the Houston Association of REALTORS as of 10/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2024 Houston Association of REALTORS. All rights reserved.

Data last updated 5:48 AM UTC, 10/22/2024

 

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