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$104,000

Beds
1
Baths
1.0
sq ft
789

2120 El Paseo St Unit 1503, Houston, TX 77054

2120 El Paseo St Unit 1503

Houston, TX 77054

  • <1 day on market
    • Open house Apr 05
Investors, take note! This tenant-occupied 1-bedroom, 1-bathroom condo in the gated One Montreal Place community offers an excellent opportunity for immediate rental income. Leased through August, this ground-floor unit features laminate and tile flooring, a fireplace, stackable washer and dryer, black refrigerator, and free-standing range—making it a desirable option for tenants. Located in the Medical Center area, just minutes from NRG Stadium, the Museum District, and major transit options like the UT Shuttle, Metro Rail, and bus lines, this condo is in a prime location for continued rental demand. Community amenities include two pools, tennis courts, and a clubhouse. Don’t miss this turn-key investment opportunity—schedule your showing today!

Details

Property type

Condominium

Est. home value

$124,444

Lot size

Unknown

Price per sq ft

$132

Year built

1981

Annual property taxes

$2,546

Monthly HOA fee

$425

Price History

04/02/2025
Houston

Houston #68385934

Listed
$104,000
03/17/2023
Houston

Houston #48439810

Removed

Schools & Community

Neighborhood: 

Astrodome Area

Elementary school: 

WHIDBY ELEMENTARY SCHOOL

Middle school: 

CULLEN MIDDLE SCHOOL (HOUSTON)

High school: 

LAMAR HIGH SCHOOL (HOUSTON)

School district: 

Houston

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$8,637
Asking price
$104,000
Closing costs (~8% of asking)
-$8,320
Est. remaining loan balance
-$87,043
Cash to seller
$8,637

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2023

Original loan amount

$89,250

Est. remaining balance

$87,043

Interest rate

6.13%

Loan type

New Conventional, 30 year

Seller

Alexander Hancock and Megan M Fonteno

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 6:20 PM

Listing updated: 04/03/2025 at 1:50 PM

Listed by: Delilah Ware, Radcliffe Cornish Phone #: (281) 844-2046

MLS: Houston #68385934

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