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For Sale 77004 Houston

5114 Grantwood St

Houston, TX 77004

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For Sale

Active

$825,000

Est. Mortgage 4,435/month

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3,353 Sqft. ($246/Sqft.)

9,240 Lot Sqft

Multi-Family - Multiple Detached Dw

56 Day(s) on Market

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Description

Wonderful income opportunity for either an investor or an owner-occupant!! This completely renovated property includes a 3BR/2BTH home with the added bonus of 3 garage apartments with so much income potential! The main house features quartz counters, SS appliances, a huge island for entertaining, designer finishes, refrigerator & W/D included and more! Of the garage apartments at the rear of the property, 2 have been recently updated (a large studio unit up and a 2BR/1BTH unit down) and the 3rd unit is a well maintained 1BR/1BTH. Current cap rate is 9.5% and with this large lot there is additional opportunity to build more rental units! The location can’t be beat - just minutes away from the University of Houston, the TX Medical Center, Reliant Stadium, Downtown & more! Whether owner-occupied, utilized as AirBnBs (NO HOA) or as long term rentals, this is the ideal place for guests to Come Stay Where They Play!

MLS#

70573407

List Price

$825,000 ($246/Sqft.)

Listing Status

For Sale

Address

5114 Grantwood St

City

Houston

State

Zip Code

77004

County

Harris County

Subdivision

Vogel 10 Acs

Legal Description

TR 31 ABST 75 H TIERWESTER

Property Type

Multi-Family - Multiple Detached Dw

Stories

Building Size

3,353 Sqft/Appraisal District

Year Built

1950 /Appraisal District

Lot Size

9,240 Sqft./Appraisal District

Key Map©

533H

Market Area

University Area

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Exterior

Roof

Composition

Lot Description

Cul-De-Sac

Interior

Countertop

Quartz

Floors

Tile, Vinyl Plank

Cooling

Central Electric, Window Units

Heating

Central Electric, Central Gas, Window Unit

Compactor

Dishwasher

Yes

Disposal

Yes

Microwave

Yes

Energy Feature

Ceiling Fans, Digital Program Thermostat

Lot information

Lot Size

9,240 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

Financial

Financing Considered

Cash Sale, Conventional, FHA, Investor, Owner Financing, VA

Other Fees

Maintenance Fee

Taxes w/o Exemp

$8,942/2023

Tax Rate

2.1298

Additional information

List Type

Exclusive Right to Sell/Lease

Unit Feature

Furnished,Fireplace,Window Coverings

Buyer Agent Compensation*

Sub Agent Compensation*

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

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Estimated electricity cost

Analysis for

5114 Grantwood St

An Energy Ogre member at this location would SAVE $193/year. Find out more

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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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.