UPDATED:
01/20/2025 02:39 PM
Key Details
Property Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 774 sqft
Price per Sqft $250
Subdivision Lofts/Post Oak
MLS Listing ID 56552629
Bedrooms 1
Full Baths 1
HOA Fees $548/mo
Year Built 2003
Annual Tax Amount $4,789
Tax Year 2024
Property Description
Perfect for savvy investors, this low maintenance unit in sought-after building generates a solid income with reliable long-term tenant in place. Offering a respectable Rate of Return. Anticipated 5% annual rent increases and future market value growth promises even higher returns. Current lease in place until August 2025. Showings only with sales agreement in place. Please respect tenant privacy - DO NOT DISTURB. Serious inquiries only.
Location
State TX
County Harris
Area Galleria
Building/Complex Name LOFTS ON POST OAK
Rooms
Other Rooms Breakfast Room, Utility Room in House
Kitchen Breakfast Bar, Kitchen open to Family Room
Interior
Interior Features Balcony, Refrigerator Included
Heating Central Electric
Cooling Central Electric
Flooring Carpet, Laminate
Appliance Dryer Included, Refrigerator, Washer Included
Dryer Utilities 1
Exterior
Exterior Feature Balcony/Terrace, Exercise Room, Party Room, Service Elevator, Trash Chute
Street Surface Concrete
Total Parking Spaces 2
Private Pool No
Building
Building Description Concrete,Steel, Concierge,Gym,Lounge
Structure Type Concrete,Steel
New Construction No
Schools
Elementary Schools Briargrove Elementary School
Middle Schools Tanglewood Middle School
High Schools Wisdom High School
School District 27 - Houston
Others
Pets Allowed With Restrictions
HOA Fee Include Building & Grounds,Clubhouse,Concierge,Limited Access,Recreational Facilities,Trash Removal,Valet Parking,Water and Sewer
Senior Community No
Tax ID 127-091-000-0081
Ownership Full Ownership
Acceptable Financing Cash Sale, Conventional, Investor, Owner Financing
Tax Rate 2.1583
Disclosures Sellers Disclosure, Tenant Occupied
Listing Terms Cash Sale, Conventional, Investor, Owner Financing
Financing Cash Sale,Conventional,Investor,Owner Financing
Special Listing Condition Sellers Disclosure, Tenant Occupied
Pets Allowed With Restrictions
"At Upscale Real Estate Services, we are committed to guiding our clients in the Greater Houston area towards successful real estate investments and ownership. Our focus is on fostering generational wealth with personalized, expert advice. As a woman and minority broker-owned firm, we ensure each client achieves their real estate ambitions with confidence, striving to be their trusted advisors in building lasting legacies."
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