1529 Welch Street
$699,900
2
1
3,128
3,128
$224
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...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)
- Listed by Rory Higgins • TREC #0598541 • Castle Team
Property Details for 1529 Welch Street
Area
16
Geo Market AreaMontrose
Legal SubdivisionCHERRYHURST
SubdivisionCherryhurst
School District27 - Houston
Cool SystemCentral Electric, Window Units
LISTING UPDATED: 11/01/2024 04:47 PM
Property Details for 1529 Welch Street
Status | Active |
---|---|
MLS # | 43560898 |
Days on Market | 148 |
Taxes | $13,740 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Triplex |
Year Built | 1925 |
Lot Size | 0.11 AC / 5,000 SF |
County | Harris County |
Building Information for 1529 Welch Street
Stories2Residences2Year Built1925Building Size-Lot Size0.11 AC / 5,000 SF
Property Information for 1529 Welch Street
Property History for 1529 Welch Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1529 Welch Street
Taxable ValueLand$550,000Additions$131,972Total$681,972
Tax Record2023$13,740 ($1,145 / month)
Home Facts
Baths3Total Finished SqFt2,588 SqFtAbove Grade Finished SqFt2,588 SqFtStories2Lot Size5,001 SqFtStyleDuplexYear Built1925CountyHARRISAPN0382580000003
Schools near 1529 Welch Street
This home is within Houston Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wilson Montessori PublicPK to 8 | ||
Lanier Middle School Public6 to 8 | ||
Lamar High School Public9 to 12 | ||
Carnegie Vanguard High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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