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$520,000

1502 Avenue D, Katy, TX, 77493

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$297.14 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Must-SellAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringVinyl Plank

Exterior

Lot Size15,246 sqft

Building Information

Year Built1952
Stories1
Garage Spaces2

Land Information

APN0420590000005
SubdivisionJ J Crawford
Land UseResidential
Legal DescriptionTR6 ABST 2O5 J J CRAWFORD * .350 AC
Census Tract542700
Assessed Land Value$182,952
Assessed Improvement Value$203,436
Assessment Year2025

About this property

MOTIVATED SELLER! Fully renovated commercial property in the heart of Old Katy! Zoned C-1 Commercial, this updated space offers an excellent opportunity to establish or expand your business. Renovations include a new roof, with a water heater installed in August 2021. Spacious rooms offer flexible options for private offices, while larger areas are ideal for a conference room and welcoming reception area. The generous lot provides potential for additional parking, subject to city approval. Conveniently located minutes from City Hall, local businesses, shopping, and dining. Bring your vision to this versatile property and create a space where your business can thrive. Schedule your showing today! Buyer to verify permitted uses and any required approvals.

Investor Tools

$343,312Estimated Mortgage Balance
$82,688Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,120 /month
Positive
Cash Flow Estimate:
$1,040 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$871/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,320
$386,388
2025
$182,952
$203,436
$386,388
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,320
$386,388

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hancock Whitney Bank
Commercial
$350,000
No
First
Sep 26, 2025
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,312
$82,688
19%
81%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$2,099/mo
+$491/mo
7.3%

City: Katy

1502 Avenue D | Property Details | No Agent List