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$525,000

3603 Bastrop Street, Houston, TX, 77004

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths2,112 Sq Ft
QuadruplexQuadruplex
price_per_sqft$248.58 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesRange, Water Heater, Microwave, Dishwasher, Refrigerator
FlooringVinyl Plank

Exterior

Exterior FeaturesBalcony
Lot Size2,500 sqft

Building Information

Year Built1949

Land Information

APN0192150000001
SubdivisionHolman Outlot 46
Land UseCommercial
Legal DescriptionTR 1 BLK 5 HOLMAN OUTLOT 46
Census Tract312400
Assessed Land Value$130,000
Assessed Improvement Value$126,667
Assessment Year2025

About this property

Welcome to 3603 Bastrop Street! This incredible Investment Opportunity is a 4-Plex situated in the Mid-Town Area where New Construction Surrounds the Developing Community. This 4-Plex offers Four 2 bed/ 1bath, 2 units on the the 2nd floor with balconies, 2 units on the ground floor with small fenced in backyards. All units were renovated in 2021 with Granite Kitchen Countertops, Luxury Vinyl Plank Flooring, Stackable Washer/Dryer, Built-in Stainless-Steel Microwave, Stove / Oven Combo, Refrigerator, Tank-less water heats, and 2 Window Units in each unit with the capability of heating and cooling. Plumbing updated to PEX, Whole Building Electrical Rewired, Foundation Repair, Roof, Light and Ceiling Fans. Emancipation Park, U of H and Texas Southern University Close to the property, and moments away from Downtown. 100% Occupied! DO NOT Walk the Property! DO NOT Disturb Tenants, Drive-by ONLY. Showings will be accompanied by the Listing Associate, No Showings until Accepted Offer.

Investor Tools

$303,923Estimated Mortgage Balance
$256,667Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Rebecca V. Scullark

CB&A, Realtors

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$568/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,536
$256,667
2025
$130,000
$126,667
$256,667
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,536
$256,667

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Commercial
Unknown
$338,000
No
First
Jul 8, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,923
N/A
0%
118%
$2,027/mo

City: Houston

3603 Bastrop Street | Property Details | No Agent List