Come see this AMAZING Investment Opportunity in Washington Terrace! It is currently set up as a Vacation Rental that sleeps 24 and has produced over 135k in gross revenue in 2023. This listing also has a 4.98 star rating on Airbnb with over 40 reviews. ALL property items and furniture are included in sale! This property was fully renovated in 2021 with over 300k in improvements. All applications have been replaced or repaired. The downstairs unit is a 3/2 with a large common area and kitchen for entertainment, and the upstairs unit is a 4/2 with a smaller common area but an extra bedroom. Between the units it has 7 bedrooms, 4 bathrooms, 2 kitchens, 2 living rooms, 2 ensuites, 2 sets of washers and dryers, and much more. The property is FULLY fenced with 6.5' wrought iron. It also features an automatic driveway gate for security. Cap rate 8.75% at asking. Make this income producing property yours today!
District: | Houston ISD |
Elementary School: | Lockhart Elementary School Good | |
Middle School: | Cullen Middle School Average | |
High School: | Yates High School | |
Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
---|---|---|---|---|---|
2023 | $175.97 | $777,100 | 28.15% | $777,100 | 28.15% |
2022 | $137.32 | $606,400 | 34.85% | $606,400 | 34.85% |
2021 | $101.83 | $449,700 | 7.10% | $449,700 | 7.10% |
2020 | $95.09 | $419,899 | 11.82% | $419,899 | 11.82% |
2019 | $85.04 | $375,517 | 13.49% | $375,517 | 13.49% |
2018 | $74.93 | $330,882 | 0.00% | $330,882 | 24.83% |
2017 | $74.93 | $330,882 | 0.00% | $265,060 | 10.00% |
2016 | $74.93 | $330,882 | 3.91% | $240,964 | 10.00% |
2015 | $72.11 | $318,442 | 59.90% | $219,059 | 10.00% |
2014 | $45.10 | $199,145 | 1.00% | $199,145 | 1.00% |
2013 | $44.65 | $197,170 | 0.00% | $197,170 | 0.00% |
2012 | $44.65 | $197,170 | $197,170 |
2023 Harris County Appraisal District Tax Value |
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Market Land Value: | $193,200 |
Market Improvement Value: | $583,900 |
Total Market Value: | $777,100 |
2023 Tax Rates |
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HOUSTON ISD: | 0.8683 % |
HARRIS COUNTY: | 0.3501 % |
HC FLOOD CONTROL DIST: | 0.0311 % |
PORT OF HOUSTON AUTHORITY: | 0.0057 % |
HC HOSPITAL DIST: | 0.1434 % |
HC DEPARTMENT OF EDUCATION: | 0.0048 % |
HOUSTON COMMUNITY COLLEGE: | 0.0922 % |
HOUSTON CITY OF: | 0.5192 % |
GREATER SE MGMT DIST: | 0.1150 % |
Total Tax Rate: | 2.1298 % |