Listing Courtesy of: Rory Higgins - Castle Team
713-227-8537
$699,900
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1529 Welch Street Houston, TX 77006
Multi-Family
Residence
2
Beds
1
Baths
Sq. Ft.
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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)
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MLS#
43560898
Property Type
Multi-Family
Bedrooms
2
Bathrooms
1 Full
Year Built
1925
Price per Sq. Ft.
$223.75
Stories
2.0
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