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$799,000

2520 Wheeler St, Houston, TX, 77004

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths3,420 Sq Ft
TriplexTriplex
price_per_sqft$233.63 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Microwave, Refrigerator
FlooringVinyl Plank

Exterior

Exterior FeaturesPrivate Entrance, Balcony
Lot Size7,876 sqft

Building Information

Year Built1940
Stories2
Garage Spaces3

Land Information

APN0611520000010
Lot Number11
SubdivisionWashington Terrace
Land UseResidential
Legal DescriptionLT 11 & TR 10 BLK 13 WASHINGTON TERRACE
Census Tract312700
Assessed Land Value$223,125
Assessed Improvement Value$378,238
Assessment Year2025

About this property

Great turnkey investment opportunity! Completely renovated, fully furnished 3 units! Currently being used as a short term rental. See the attachments for financial data. Total of 8 bedrooms and 5 full bathrooms. The property features 2 units with 3 bedrooms, 2 full bathrooms, a full kitchen, dining and living area. The garage is the 3rd unit which has 2 bedrooms and 1 full bathroom. All units were fully renovated and updated in 2022. The shared courtyard with string lights is perfect for guests/tenants to enjoy. Located in the Historic Third Ward and minutes from the Texas Medical Center, Museum District, and Universities, this property is in a prime location for continued future growth.

Investor Tools

$496,445Estimated Mortgage Balance
$104,918Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,794 /month
Positive
Cash Flow Estimate:
$1,598 /month

Interested in this property?

Marco Mendoza

Real Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,231
$601,363
2025
$223,125
$378,238
$601,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,231
$601,363

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial Lender Llc
Commercial
$537,600
No
First
Aug 18, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$496,445
$104,918
17%
83%
$3,224/mo

City: Houston