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7431 Avenue L Houston, TX 77011
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 782 sqft
Price per Sqft $313
Subdivision Magnolia Park Sec 02
MLS Listing ID 77513935
Sold Date 03/28/25
Bedrooms 2
Full Baths 1
Year Built 1930
Annual Tax Amount $3,262
Tax Year 2024
Lot Size 5,000 Sqft
Property Sub-Type Triplex
Property Description
Multi-Unit Triplex in Magnolia Park -
This is an excellent rental investment opportunity in the heart of Magnolia Park, just minutes from downtown Houston. This triplex property offers three separate units, making it a great addition to any investor's portfolio. The property was remodeled in 2019 and features a double driveway for convenient parking for all three units.
Unit A:
Single-family home (785 sq. ft.)
2 bedrooms, 1 bathroom
Open concept kitchen, living, and dining room.
Gas heating and electric AC. Water heater is Gas
Currently rented to section 8 tenant: $1,463/month
Unit B:
Downstairs apartment in the back 580 sq ft
1 bedroom, 1 bathroom
Kitchen and living room
Window AC/Heat unit electric
Vacant – Current market rent is $1,000/month
Unit C: Upstairs apartment in the back 580 sq ft
1 bedroom, 1 bathroom, Kitchen and living. Window AC/Heat unit electric.
Occupied – Rented since March 2024 for $850/month
Location
State TX
County Harris
Area East End Revitalized
Interior
Heating Central Electric, Central Gas
Cooling Central Electric
Exterior
Utilities Available Electric, Gas, Water
Roof Type Composition
Building
Story 1
New Construction No
Schools
Elementary Schools De Zavala Elementary School (Houston)
Middle Schools Edison Middle School
High Schools Austin High School (Houston)
School District 27 - Houston
Others
Senior Community No
Restrictions Deed Restrictions
Tax ID 025-188-000-0008
Acceptable Financing Cash Sale, Conventional, FHA, Investor, Owner Financing
Tax Rate 2.1648
Disclosures Sellers Disclosure
Listing Terms Cash Sale, Conventional, FHA, Investor, Owner Financing
Financing Cash Sale,Conventional,FHA,Investor,Owner Financing
Special Listing Condition Sellers Disclosure
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Bought with Walzel Properties - Corporate Office