Ritz St Unit , Houston, Home For Sale

house for sale

Listed: 06/27/24

7930 Ritz St Unit 16, Houston, Texas, 77028

9 Bed:

4,447 Sq Ft Living Area:

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Price

$ 629,900

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About This House

Investor Special 16 Units Multifamily/Motel Gem! With the option to convert the community laundry facility and office into additional units, totaling 18 units, forcing appreciation. Situated in close proximity to Downtown Houston, the location offers convenient and easy access to all the vibrant attractions the city has to offer. One of the highlights of our property is the spacious lot, providing ample parking space right on-site. When it comes to getting around the city, this property has easy access to major freeways such as 610 and 59 Highways. With new developments happening nearby, our motel is situated in an area that is on the rise. Early adaptors can seize the opportunity to be part of the growth and add value to their investment.

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Houses for sale in Houston

Original listing

Houston Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

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Month	Median Price
May 2024	$419,468 (+44.4%)
Apr 2024	$290,452 (0%)
Mar 2024	$290,452 (0%)
Feb 2024	$290,452 (0%)
Jan 2024	$290,452 (-36.5%)
Dec 2023	$457,528 (+22.3%)

In May 2024, the asking price for 1 bed houses for sale in/near Houston, United States averaged $419,468, an increase of 44.4% from the previous month.

Median price trends for properties for sale in Houston, United States as of May 2024.

Household Income

Median household income: $51,203

Number of households: 849,105

The average household income in Houston, TX grew from $50,896 to $51,203 in the past year. This data is an estimate based upon 849,105 households in Houston, TX.
The chart below presents how household income is distributed in Houston, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Houston, TX compared to median property taxes around the country. The prevalent amount of property taxes in Houston, TX equals $3k+ , which is more than the national average.

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