$250,000 Last Listed Price
↓ $25K (6.7%)
●
House -
Off Market
1007 Meyer Street
Sealy, TX 77474
3 Beds
1 Bath
1,600 Ft²
$297,360
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
COMMERCIAL OR RESIDENTIAL INVESTMENT OPPORTUNITY-Business 36 (Meyer
St) right in the heart of Sealy. This 1/2 acre, corner lot features
a circle driveway and a side driveway/parking. The main structure
is constructed of stone and on a slab. It has approximately 1600
square feet plus 360 sf of covered porch. Inside there are 3
bedrooms (2 with wood floors), 1 bath, a living room with
fireplace, dining area and sunroom. It need paint and updating. The
second rentable structure is a 660 sf efficiency apartment with
attached shop/garage. This also needs remodeling. There is a huge
fenced backyard. The main home has been rented for $1400/month and
would make a great real estate/legal/insurance office or hair
salon. The apartment, once remodeled could rent for another
$600/month for a small office or salon. Eventually this would make
a great lot for future commercial development. Square footages and
room sizes to be independently verified.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$156
Property Type
House
Property Taxes
$243
HOA Dues
-
Year Built
1950
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (HAR #67480349)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 7, 2024 | Price Decreased |
$350,000
↓ $25K
(6.7%) | |
| Price Decreased | |||
| Dec 16, 2023 | Listed | $375,000 | |
| Listed | |||
| | |||
|
Residential property with commercial possiblities located at the corner of Highway 36 (Meyer St) and 10th Street on 1/2 acre lot, circular driveway. The home features 2 bedrooms 1 bath with a bonus room. There is a guest house that features a full kitchen, living room, bath and one bedroom. The back offers a fenced backyard with privacy fencingand covered patio. City utilities.
| |||
| May 13, 2021 | Sold | ||
| Sold | |||
| Oct 30, 2020 | Listed by Coldwell Banker Properties | $250,000 | |
| Listed by Coldwell Banker Properties | |||
| | |||
|
COMMERCIAL OR RESIDENTIAL INVESTMENT OPPORTUNITY-Business 36 (Meyer St) right in the heart of Sealy. This 1/2 acre, corner lot features a circle driveway and a side driveway/parking. The main structure is constructed of stone and on a slab. It has approximately 1600 square feet plus 360 sf of covered porch. Inside there are 3 bedrooms (2 with wood floors), 1 bath, a living room with fireplace, dining area and sunroom. It need paint and updating. The second rentable structure is a 660 sf efficiency apartment with attached shop/garage. This also needs remodeling. There is a huge fenced backyard. The main home has been rented for $1400/month and would make a great real estate/legal/insurance office or hair salon. The apartment, once remodeled could rent for another $600/month for a small office or salon. Eventually this would make a great lot for future commercial development. Square footages and room sizes to be independently verified.
| |||
| Jul 9, 2017 | Listed | $350,000 | |
| Listed | |||
| | |||
|
Great residential property with a quest quarters and many commerical possibilities. This lot is almost 1/2 acre (150X150) and includes 3 bedrooms and 1 bath. Additional building is 1 bedroom 1 bath apartment with metal roof and hardi-plank siding is approximately 660 sq ft. The adjoining property is also for sale to include 5 city lots with great exposure on Hwy 36 (Meyer).The manager has listed the unit size as 1723 square feet.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Sealy
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Listed by: Yvette Kirkland, Coldwell Banker Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 67480349
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Last Updated: 5 months ago
Data Source: HAR , MLS# 67480349
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