2506 Wheeler St

Houston, TX 77004
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Sold
Sold
$552,001 - $627,000
Sold on January 05, 2024
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4,166 Sqft.
6,825 Lot Sqft
Multi-Family - 5 Plus

Description

Rarely-Available Multiunit Property with Airbnb Potential! Situated in a highly desirable area only moments from three major universities and Texas Medical Center, this 5-unit income- producing property offers a unique opportunity for seasoned investors and savvy homebuyers. Consisting of two buildings and plenty of gated paved parking, the multiunit property conveniently includes one fully renovated unit, as well as four other spacious residences. Each unit includes a cozy living area, at least one full bathroom, ample natural light, sizeable bedroom(s), and openly flowing traditional layouts. Keeping in trend with modern needs, the residences are also Airbnb-friendly with financials available upon request. Bursting with possibilities, this property may afford a multitude of exit strategies, for either monthly cashflow or capital gains. Seize the moment to own a profitable addition to your healthy investment portfolio. Call to schedule your private and exclusive tour!

Documents
MLS#
92144406
Sold Price Range
$552,001 - $627,000
Listing Status
Sold
Address
2506 Wheeler St
City
State
TX
Zip Code
County
Legal Description
LT 7 & TR 8A BLK 13 WASHINGTON TERRACE
Property Type
Multi-Family - 5 Plus
Stories
2
Year Built
1940 / Appraisal District
Building Size
4,166 Sqft/Seller
Lot Size
6,825 Sqft./Appraisal District
Key Map©
493Y
Market Area

Exterior

Roof
Composition
Exterior Type
Brick, Other, Unknown
Lot Description
Other
Parking
Driveway Gate, Paved Area
Controlled Access
Driveway Gate

Interior

Floors
Vinyl, Wood
Cooling
Central Electric, Central Gas, Window Units
Heating
Central Electric, Central Gas, Other Heating, Window Unit
Compactor
No
Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Energy Feature
Ceiling Fans, High-Efficiency HVAC, Digital Program Thermostat

Lot information

Lot Size
6,825 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial

Financing Considered
Cash Sale, Conventional, FHA, Investor, VA
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$9,731/2022
Tax Rate
2.3169

Additional information

List Type
Exclusive Right to Sell/Lease
Unit Feature
Fenced Area,Handicap Access,Hardwood Floors
Buyer Agent Compensation*
3%
Sub Agent Compensation*
3%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Mortgage

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Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Noise factors

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Source

Houston Association of REALTORS
Source last updated May 06, 2024 at 10:12 AM
Listing last updated Jan 06, 2024 at 04:47 AM

2506 Wheeler St, Houston, TX 77004. View photos, map, tax, nearby homes for sale, home values, school info...

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