516 W Gray St

Houston, TX 77019
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For Sale
Under Contract – P
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2,540 Sqft. ($354/Sqft.)
5,000 Lot Sqft
Multi-Family - Fourplex

Audio narrative

Description

Discover the charm and modern updates of this historic 4-plex, nestled in the prestigious Montrose community off W. Gray. Recent upgrades elevate the property's appeal, including new PEX lines, foundation stabilization, and contemporary interior enhancements such as new refrigerators, countertops, shelves, dishwashers, faucets, cabinets, and a fresh coat of paint. Comfort and convenience are further enhanced with in-unit washer/dryers, dimmable modern dining room lights, new stoves and ovens, water-saving toilets, updated bathroom floors and tiles, tubs, showers. The property also features hardwood floors, and is entirely electric, catering to eco-conscious tenants. Each apartment comes with a parking spot in a gated backyard. Located in an area recognized for its walkability and proximity to downtown, this property is an outstanding opportunity for investors seeking to add value to a versatile and well-positioned asset that can be used as Airbnb. No HOA & No Flooding Zone.

MLS#
17271894
List Price
$900,000 ($354/Sqft.)
Listing Status
Under Contract – P
Address
516 W Gray St
City
State
TX
Zip Code
County
Legal Description
LT 33 BLK 6 ALDEN PLACE
Property Type
Multi-Family - Fourplex
Stories
2
Building Size
2,540 Sqft/Appraisal District
Year Built
1932 /Appraisal District
Lot Size
5,000 Sqft./Appraisal District
Key Map©
493N
Market Area

Exterior

Roof
Composition
Parking
Automatic Driveway Gate, Off Site Parking, Paved Area
Parking Unit
One

Interior

Cooling
Central Electric
Heating
Central Electric
Dishwasher
Yes
Disposal
Yes
Microwave
Yes

Rooms

1 Bdr #
1

Lot information

Lot Size
5,000 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, Investor, VA
Other Fees
No
Maintenance Fee
No
Taxes w/o Exemp
$13,840/2023
Tax Rate
2.0148

Additional information

List Type
Exclusive Agency to Sell/Lease
Unit Feature
Furnished
Buyer Agent Compensation*
3%
Sub Agent Compensation*
3%

*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
516 W Gray St
An Energy Ogre member at this location would SAVE $152/year. Find out more
Wondering if you're overpaying for electricity at your current home? Check now!

Down Payment Assistance

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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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.

Assigned schools

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Noise factors

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Source

Houston Association of REALTORS
Source last updated Apr 26, 2024 at 11:42 PM
Listing last updated Mar 22, 2024 at 04:47 AM

516 W Gray St, Houston, TX 77019. View photos, map, tax, nearby homes for sale, home values, school info...

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