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$2,400,000

3144 Southmore Street, Houston, TX, 77004

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths10,000 Sq Ft
price_per_sqft$240 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size12,998 sqft

Building Information

Year Built2020

Land Information

APN1407520010001
Land UseCommercial
Legal DescriptionRES A BLK 1 SOUTHMORE ENCLAVE
Census Tract312902
Assessed Land Value$441,932
Assessed Improvement Value$1,628,199
Assessment Year2025

About this property

3144 Southmore Boulevard presents an excellent opportunity to acquire a 10 unit multifamily investment property in Houston's 77004 area. The property features 10 two bedroom, two bathroom residences, each offering approximately 915 square feet of living space with functional layouts. Currently 90% leased, with nine occupied units and one vacant residence, the property provides existing rental income with the opportunity for additional income potential. Conveniently situated near the Texas Medical Center, Museum District, Downtown Houston, and major highways, the location offers accessibility to employment centers, universities, dining, and entertainment. With established rental operations, consistent unit configurations, and a central Houston location, this property offers investors an opportunity to expand their multifamily portfolio.

Investor Tools

$0Estimated Mortgage Balance
$2,070,131Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,400 /month
Positive
Cash Flow Estimate:
$4,800 /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
$4,592/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$44,758
$2,070,131
2025
$441,932
$1,628,199
$2,070,131
No

Tax History

Year
Tax Paid
Assessed Value
2024
$44,758
$2,070,131

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,070,131
100%
0%
$0/mo

City: Houston

3144 Southmore Street | Property Details | No Agent List