Last 24 Hours
$639,000
720 Memorial Mews Street, Houston, TX, 77079
On Market
Just Added
10 Beds
8 Bath
3,932 Sq Ft
Quadruplex
$162.51 / sqft
Built in 1980Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 10
Bathrooms 8
Heating Forced Air Unit
CoolingAppliancesDishwasher, Refrigerator
Exterior
Lot Size6,582 sqft
Building Information
Year Built1980
Land Information
APN1147280020021
Lot Number21
SubdivisionMeadows On Memorial
Land UseCommercial
Legal DescriptionLT 21 BLK 2 MEADOWS ON MEMORIAL
Census Tract450600
Assessed Land Value$164,500
Assessed Improvement Value$408,928
Assessment Year2025
About this property
LIVE IN ONE, RENT THE OTHER THREE. This FOURPLEX in Meadows on Memorial faces TERRY HERSHEY PARK, with more than 11 MILES of HIKE-AND-BIKE TRAIL along Buffalo Bayou right outside the door. Two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units, each with GRANITE countertops, STAINLESS STEEL APPLIANCES, hard-surface flooring with NO CARPET, a FIREPLACE, and double-pane windows. WASHER, DRYER AND REFRIGERATOR in every unit. Community POOL. Leases in place convey. In the ENERGY CORRIDOR with quick access to I-10, 4.8 miles from CityCentre and 7 miles to Memorial City Mall. Zoned to Katy ISD.
Investor Tools
$295,705Estimated Mortgage Balance
$277,723Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,834 /month
Positive
Cash Flow Estimate:
$1,278 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,469/month
$467/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,758
$573,428
2025
$164,500
$408,928
$573,428
No
Tax History
Year
Tax Paid
Assessed Value
2024
$14,758
$573,428
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Conventional
$337,000
No
First
Jul 15, 2020
Aug 2050
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$295,705
$277,723
48%
52%
$2,021/mo
12.4%