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For Sale 77028 Houston

7930 Ritz St #16

Houston, TX 77028

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For Sale

Active

$999,999

Est. Mortgage 5,371/month

Currency converter

4,447 Sqft. ($225/Sqft.)

14,760 Lot Sqft

Multi-Family - Multiple Detached Dw

125 Day(s) on Market

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Description

"Investor Special" 16 Units Multifamily/Motel Gem! With the option to convert the community laundry facility and office into additional units, totaling 18 units, forcing appreciation. Situated in close proximity to Downtown Houston, the location offers convenient and easy access to all the vibrant attractions the city has to offer. One of the highlights of our property is the spacious lot, providing ample parking space right on-site. When it comes to getting around the city, this property has easy access to major freeways such as 610 and 59 Highways. With new developments happening nearby, our motel is situated in an area that is on the rise. Early adaptors can seize the opportunity to be part of the growth and add value to their investment. Update to recent price change: - property has been cleared/vacated of all squatters - property is now boarded up & secured - property exterior has been cleaned of all trash & debris - plumbing issues have been addressed at the property.

Documents

Proforma , Rent Rll Restricted Letter of Value

MLS#

42809269

List Price

$999,999 ($225/Sqft.)

Listing Status

For Sale

Address

7930 Ritz St #16

Unit No.

City

Houston

State

Zip Code

77028

County

Harris County

Subdivision

Liberty Road Manor Sec 18 (View subdivision price trend)

Legal Description

LTS 12 13 & 14 BLK 1 LIBERTY ROAD MANOR SEC 18 U/R

Property Type

Multi-Family - Multiple Detached Dw

Stories

Building Size

4,447 Sqft/Appraisal District

Year Built

1975 /Appraisal District

Lot Size

14,760 Sqft./Appraisal District

Key Map©

455K

Market Area

Northeast Houston

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Property map

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directions

PRESENTED BY

Michael Holmes Platinum

HOUSTON HOUSE OF REALTY, LLC

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Exterior

Roof

Composition

Exterior Type

Brick, Other

Lot Description

Other

Controlled Access

Manned Gate

Front Door Face

South

Interior

Floors

Laminate

Cooling

Other Cooling

Heating

Central Electric, Central Gas

Dishwasher

Disposal

Microwave

Lot information

Lot Size

14,760 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, Investor

Other Fees

Maintenance Fee

Taxes w/o Exemp

$5,857/2023

Tax Rate

2.2019

Additional information

List Type

Exclusive Right to Sell/Lease

Unit Feature

Fenced Area

Buyer Agent Compensation*

Sub Agent Compensation*

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

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Estimated electricity cost

Analysis for

7930 Ritz St #16

An Energy Ogre member at this location would SAVE $246/year. Find out more

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

This property may be eligible for 11 programs and up to $47,499 in down payment assistance. See More →

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

LIST PRICE

DOWN PAYMENT

Amount

Percentage

Loan Term

Months

Years

Annual Interest Rate Estimated Monthly Principal & Interest

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Estimated Monthly Property Tax

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Monthly Homeowner's Insurance Monthly PMI (Private Mortgage Insurance) Monthly HOA fees

Full Page

Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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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.