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5001 Pease St

Houston, TX 77023
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Sold
Sold
$482,001 - $552,000
Sold on March 13, 2024
3,514 Sqft.
5,000 Lot Sqft
Multi-Family - Fourplex

Sold Transaction

Tyrone Hamilton represented the buyer on this sold transaction on 03/13/2024

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General Description

Wonderfully maintained Four unit Income producing East End Revitalized property. Completely updated in 2016 and generated $51,000 a year in 2023. Unit A was recently rented now for $1550 a month increasing your returns. This is a property allowing you to purchase and instantly generate income on day one. The building in the front has a 3/2 unit (rent $1450 in 2023, just increased to $1550) on the first floor and a 2/2 ($1200 a month in 2023) unit upstairs. The back building has 2, 1/1 units ($800 a month for each one) with covered parking in the front of the building. The property is tenant occupied and will not be available to see until an executed contract is in place. The updates on the property include electrical, plumbing, HVAC, paint, cabinets, flooring, appliances, doors and trim. The roof has been recently updated. The 2/1, and the 2, 1/1 are month to month giving the buyer some flexibility if they need to move into the property.

MLS#
10034844
Sold Price Range
$482,001 - $552,000
Listing Status
Sold
Address
5001 Pease St
City
Houston
State
TX
Zip Code
77023
County
Harris County
Legal Description
LT 1 BLK 1 EASTLAWN VISTA
Property Type
Multi-Family - Fourplex
Stories
2
Year Built
1925 / Appraisal District
Building Size
3,514 Sqft/Appraisal District
Lot Size
5,000 Sqft./Appraisal District
Market Area

Exterior

Roof
Composition
Exterior Type
Brick
Lot Description
Corner

Additional information

List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
3%
Sub Agent Compensation*
0%

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

Financial

Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$9,641/2023
Tax Rate
2.3519

Interior

Countertop
granite
Floors
Tile
Cooling
Central Electric
Heating
Central Electric, Central Gas
Compactor
No
Dishwasher
Yes
Disposal
Yes
Microwave
Yes

Lot Information

Lot Size
5,000 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
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Source

Houston Association of REALTORS
Source last updated May 18, 2024 at 11:47 PM
Listing last updated Mar 15, 2024 at 10:37 AM

Property tax

Cost/Sqft based on tax value

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Mortgage

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

Estimated Monthly Payments

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

Nearby schools view nearby schools

Subdivision Facts

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