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$1,200,000

2942 Altoona Street, Houston, TX, 77020

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths6,808 Sq Ft
price_per_sqft$176.26 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
CoolingCooling

Exterior

Lot Size12,110 sqft

Building Information

Year Built2019

Land Information

APN1395280010001
Land UseCommercial
Legal DescriptionRESERVE BLK 1 ALTOONA PLAZA
Census Tract211102
Assessed Land Value$181,650
Assessed Improvement Value$953,135
Assessment Year2025

About this property

2942 Altoona Street presents an opportunity to acquire an established, income producing multifamily property in Houston's 77026 zip code. The property consists of eight residential units, each featuring a spacious two bedroom, two bathroom layout with approximately 915 square feet of living space. Currently 100% leased, the property offers investors an existing rental income stream and an established tenant base. Conveniently located near Downtown Houston, residents benefit from access to major highways, employment centers, shopping, dining, and surrounding commercial districts. With its central location, consistent occupancy, and functional unit layouts, the property offers an opportunity to expand an investment portfolio with an established multifamily asset and potential for long term value.

Investor Tools

$0Estimated Mortgage Balance
$1,134,785Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Andrea Tran

Nextgen Real Estate Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,326
$1,134,785
2025
$181,650
$953,135
$1,134,785
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,326
$1,134,785

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,134,785
100%
0%
$0/mo

City: Houston