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General Description

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An incredible income producing property in ever popular Montrose. Built in 2013, this newer property is four stories and has an elevator that takes you up to residential luxury apartments. With the first floor being for parking, and the second, third, and fourth floors filled with nine luxury apartments (6 one bedrooms with one bath, & 3 two bedrooms with two bath). This building has a 100% occupancy. If you’re looking for a newer property, this property is 8 years old & can be acquired for noticeably less, than a similar property can be built. Even with depreciation, this is one heck of a value. This is your chance to own a strong investment property in the Prestigious Montrose area of Houston. This location is near impossible to beat. Present and future land demand in this area will grow your investment. Location, location, location is prime to help ensure that your investment will continue to grow and produce more and more for decades into the future.

MLS#:

62020436 (HAR)

Sold Price Range:

$1,888,001 - $2,176,000

Listing Status:

Sold

Address:

315 W Clay Street

City:

Houston

State:

Zip Code:

77019

County:

Harris County

Subdivision:

Montrose

Legal Description:

RES A BLK 1 WEINSTOCK PROPERTIES NO 1

Property Type:

Multi-Family - 5 Plus

Stories:

Year Built:

2013 / Appraisal District

Building Sqft.:

11,676 /Appraisal District

Lot Size:

5,698 Sqft. /Appraisal District

Market Area:

Montrose

Interior Features

Cooling:

Central Electric

Heating:

Central Electric

Exterior Features

Roof:

Composition

Additional Information

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

2.5%

Sub Agent Compensation*:

2.5%

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

Financial Information

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$40, 471/2020

Tax Rate:

2.3994

Selling Agent and Brokerage

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Selling Agent

Gabriel Torre

Click to view phone

Selling Broker

Texas Ally Real Estate Group, LLC

2211 S. IH-35, Suite 208
Austin, TX 78741

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Estimated Mortgage/Tax

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$8,593 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 8,593
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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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:

203

Average List Price:

$852,882

Average Bedrooms:

2.20

Average Baths:

1.90

Average Square Ft.:

2,635

Average Price/Square Ft.:

$313.77

Home For Lease:

260

Average Lease :

$2,108

Average Lease/Square Ft.:

$1.87

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.