905 Ferry Street

Richmond, TX 77469
$110,000
1801 sqft | 1 bed | 1 bath | 0.22 acres | #89089689

Description

Investment Opportunity in Richmond, TX. The "10th Street Project," a highway construction along the property, is set to begin in the third quarter of 2025. Located in the growing Fort Bend ISD, this area offers strong investment potential for buy-and-hold or rental portfolios. Two 2-bedroom, 1-bath rental homes on a 9,583 SF lot (0.22 acres), currently occupied with month-to-month leases. Home #1 is 1,009 SF with 2 bedrooms and 1 bathroom, and Home #2 is 792 SF with 2 bedrooms and 1 bathroom. Rental income is $625 for each home per month. Total of $1250 per month.

  • Interior Details
    • Beds & Baths
      • Bedrooms:1
      • Bathrooms:1
      • Full Baths:1
  • Property Details
    • Property
      • Lot description:Corner Lot, 0 Up To 1/4 Acre
    • Measurements
      • Acres:0.22
      • Square Feet:1801
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1960
  • Community and Neighborhood Details
    • Community
      • Subdivision:Dechaums Add
    • Location
      • School district:33 - Lamar Consolidated
      • Elementary School:PINK ELEMENTARY SCHOOL (LAMAR)
      • Middle School:Lamar Junior High School
      • High School:LAMAR CONSOLIDATED HIGH SCHOOL
      • County:Fort Bend
  • Financial Details
    • Pricing Details
      • Taxes annual:$3, 702
  • Other
    • Source
      • MLS #:89089689

Location

Tom PhillipsReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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