Buy&Hold (Condominium): 5000 Glenmont Drive, Houston, TX + $259,500
- Promise Land Realty
- Aug 16
- 3 min read
Condominium Investment Oppurtunity
Price
$259,500
OFF-MARKET CONDO OPPORTUNITY – HOUSTON, TX
Promiseland Realty LLC is pleased to present an exclusive off-market condo offering located in the desirable Glenmont Place Townhome Condominiums of Houston, Texas. This townhouse-style condo presents an attractive opportunity for investors seeking cash flow or end-users looking for value in a well-situated community.
Properties Financial & Photos:
Asking Price: $200,000 + 3% Fee
Closing: Seller prefers 7 days or less
Address: 5000 Glenmont Drive, Houston, TX
Unit Size: 990 sq. ft.
Beds/Baths: 2 Bedrooms · 1.5 Bathrooms
Occupancy: Currently Occupied
Property Features
Townhouse-style layout with front and back patios
Covered assigned parking
In-unit washer/dryer
Fireplace and efficient interior design
HOA fees approx. $275–$420/month
Investment Snapshot
Rental Range: $1,550–$1,800/month
Carrying Costs (HOA + living expenses): ~$700/month
Recent Comp: 5094 Glenmont Dr – 2 Bed / 1.5 Bath / 1,184 sq. ft. – Sold Nov 12, 2024, at ~$259,500
ARV: $218,900 (~$220 per sq. ft.)
Investor Appeal
This property offers a rare chance to acquire an income-producing condo at below-market value, with immediate cash flow potential and clear comparable upside in a desirable Houston submarket.
Submit all offers directly to:investments@promiselandrealtyllc.com
Property Map
Inquiries & Offers: Promiseland Realty LLC – International Off-Market Division
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
A $1,000 non-refundable Commitment Fee is required from all interested parties prior to contract execution. This fee secures priority positioning, covers consulting and processing costs, and confirms buyer intent. Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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