General Description

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6 unit multi-family listed at lot value. Already re-platted with an option to build 3 townhomes in vibrant Montrose. Can also be re-platted for a single family residential home. Hold for cash flow now and build when you're ready. Or renovate for optimal rent yield and keep as long term asset. The options are many. Located on Welch St, a quiet residential block halfway between the popular entertainment and dining establishments on Westheimer and upscale options in River Oaks. The property is neighbors with new high end custom homes and townhomes. Currently tenant occupied. 2 dryers and 2 washers (coin operated) in on-site laundry room. The re-plat was completed and recorded before the minimum lot size ordinance took effect on the block. The existing building also has 6 parking spaces grandfathered in - one for each unit. Each unit is individually metered for electricity and/or gas. Water meter is shared.

MLS#:

71524823 (HAR)

Sold Price Range:

$482,001 - $552,000

Listing Status:

Sold

Address:

1221 Welch St

City:

Houston

State:

TX

Zip Code:

77006

County:

Harris County

Subdivision:

Westover Par R/P

Legal Description:

LT 1 BLK 1 (PR YR IMPS 2016-2021*0370890010005) WESTOVER PAR

Property Type:

Multi-Family - 5 Plus

Stories:

1

Year Built:

1960 / Appraisal District

Building Sqft.:

2,700 /Seller

Lot Size:

5,000 Sqft. /Appraisal District

Market Area:

Montrose

Interior Features

Floors:

Tile

Countertop:

Laminate, Tile

Cooling:

Window Units

Heating:

Window Unit

Disposal:

No

Energy Feature:

Ceiling Fans

Exterior Features

Roof:

Built Up

Exterior Type:

Brick, Wood

Parking Unit:

One

Parking:

Off Site Parking

Additional Information

List Type:

Exclusive Right to Sell/Lease

Unit Feature:

Fenced Area, Patio

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 Information

Financing Considered:

Cash Sale, Conventional

Other Fees:

No

Maintenance Fee:

No

Taxes w/o Exemp:

$13, 103/2023

Tax Rate:

2.2019

Selling Agent and Brokerage

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Selling Agent and Broker information is not available.

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$84.84	$229,061	17.47%	$229,061	17.47%
2022	$72.22	$195,000	24.74%	$195,000	24.74%
2021	$57.90	$156,330	0.00%	$156,330	0.00%
2020	$57.90	$156,330	38.48%	$156,330	38.48%
2019	$41.81	$112,888	0.00%	$112,888	0.00%
2018	$41.81	$112,888		$112,888

2023 Harris County Appraisal District Tax Value

Market Land Value:	$191,070
Market Improvement Value:	$37,991
Total Market Value:	$229,061

harris County Appraisal District

2023 Tax Rates

HOUSTON ISD:	1.0372 %
HARRIS COUNTY:	0.3437 %
HC FLOOD CONTROL DIST:	0.0306 %
PORT OF HOUSTON AUTHORITY:	0.0080 %
HC HOSPITAL DIST:	0.1483 %
HC DEPARTMENT OF EDUCATION:	0.0049 %
HOUSTON COMMUNITY COLLEGE:	0.0956 %
HOUSTON CITY OF:	0.5336 %
Total Tax Rate:	2.2019 %

Estimated Mortgage/Tax

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$2,655 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 2,234
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 420420
Home Owners Insurance	Get a Quote

List Price

$

Loan Term

Months

Years

Down Payment

$

%

Annual Interest Rate

%

Estimated Monthly Principal & Interest

$

Calculate View Amortization Table

Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:

Montrose

Home For Sales:

212

Average List Price:

$852,012

Average Bedrooms:

2.24

Average Baths:

1.93

Average Square Ft.:

2,620

Average Price/Square Ft.:

$317.16

Home For Lease:

253

Average Lease :

$2,145

Average Lease/Square Ft.:

$1.77

Schools

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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.