This Multifamily Property is no longer advertised on LoopNet.com.
1849 Richmond Ave
Houston, TX 77098
Multifamily Property For Sale · 16 Units
![1849 Richmond Ave, Houston, TX for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/wogNaZA1cSOYB53pbg03TpjgOSoGurdmPAuU5852CLE/110/1849-Richmond-Ave-Houston-TX-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Centrally located within the Nearby Proximity of Houston’s Downtown and Galleria Areas
- Recent Renovations in 2017
- Data shows Continued Income and Population Growth for the Underlying Submarket over the Next Five Years
- Appraisal on Hand Illustrating a Future Value of $3.5 Million following a Renovation of the Property - See Information Regarding Financing Below
- The Subject Property's Submarket is currently Outperforming the Greater Houston Market and is Exhibiting Strong Fundamentals.
PROPERTY FACTS
No. Units | 16 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.20 AC |
Building Size | 8,206 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1959 |
Parking Ratio | 1.22/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 8 | - | 575 - 600 |
Studios | 8 | - | 410 - 450 |
PROPERTY TAXES
Parcel Number | 0571220000002 | Improvements Assessment | $342,954 |
Land Assessment | $966,345 | Total Assessment | $1,309,299 |
ZONING
Zoning Code | B1 |
Listing ID: 30844424
Date on Market: 2/1/2024
Last Updated:
Address: 1849 Richmond Ave, Houston, TX 77098
The Montrose Multifamily Property at 1849 Richmond Ave, Houston, TX 77098 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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