$110,000
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1 Bed
1 Bath
1,801 SqFt
SOLD DATE : 12/19/2024
Key Details
Property Type Multi-Family
Sub Type Multiple Detached Dwellings
Listing Status Sold
Purchase Type For Sale
Square Footage 1,801 sqft
Price per Sqft $56
Subdivision Dechaums Add
MLS Listing ID 89089689
Sold Date 12/19/24
Bedrooms 1
Full Baths 1
Year Built 1960
Annual Tax Amount $3,702
Tax Year 2023
Lot Size 9,583 Sqft
Property Description
Investment Opportunity in Richmond, TX. The "10th Street Project," a highway construction along the property, is set to begin in the third quarter of 2025. Located in the growing Fort Bend ISD, this area offers strong investment potential for buy-and-hold or rental portfolios.
Two 2-bedroom, 1-bath rental homes on a 9,583 SF lot (0.22 acres), currently occupied with month-to-month leases. Home #1 is 1,009 SF with 2 bedrooms and 1 bathroom, and Home #2 is 792 SF with 2 bedrooms and 1 bathroom. Rental income is $625 for each home per month. Total of $1250 per month.
Location
State TX
County Fort Bend
Area Fort Bend South/Richmond
Interior
Heating Window Unit
Cooling Window Units
Exterior
Roof Type Composition
Building
Lot Description Corner
Story 1
Lot Size Range 0 Up To 1/4 Acre
New Construction No
Schools
Elementary Schools Pink Elementary School (Lamar)
Middle Schools Lamar Junior High School
High Schools Lamar Consolidated High School
School District 33 - Lamar Consolidated
Others
Senior Community No
Restrictions Unknown
Tax ID 2715-00-044-0002-901
Acceptable Financing Cash Sale, Conventional, Investor, Owner Financing
Tax Rate 2.2381
Disclosures Tenant Occupied
Listing Terms Cash Sale, Conventional, Investor, Owner Financing
Financing Cash Sale,Conventional,Investor,Owner Financing
Special Listing Condition Tenant Occupied
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