$170,000 Last Listed Price
●
House -
Off Market
1022 W Lewis Street
Conroe, TX 77301
2 Beds
0 Bath,
1
Half Bath
672 Ft²
$986
Est. Monthly
About This Property
TREMENDOUS LOCATION IN THE HEART OF CONROE! LOVELY HOME
CONVERTED INTO A TURN KEY BEAUTY SALON LOCATED ON OVER A THIRD OF
AN ACRE IN DOWNTOWN CONROE! EVERYTHING YOU SEE IS INCLUDED
WITH THE SALE! THE BUILDING WAS ORIGINALLY A 2 BEDROOM / 1
BATH RESIDENCE WITH A LARGE ROOM, TWO AMPLE SIZED BEDROOMS, COZY
BREAKFAST NOOK, AND A QUAINT KITCHEN WITH MINI FRIDGE & STACKABLE
WASHER / DRYER. OVER THE YEARS THE OWNER HAS UPDATED
ELECTRICAL, PLUMBING LINES, AND HVAC SYSTEM. THE OWNER ADDED
ADDITIONAL WIRING AND PLUGS TO ACCOMODATE HER BUSINESS, SO THERE IS
NO SHORTAGE OF OUTLETS TO USE! AT JUST OVER 15,000 SQUARE FEET, THE
TWO LOTS ALLOW FOR PLENTY OF ROOM FOR EXPANSION IF DESIRED!
THE FENCED BACKYARD IS ENORMOUS AND EVEN INCLUDES A STORAGE
SHED! IT EVEN HAS ITS OWN PRIVATE ASPHALT PARKING LOT!
NO FLOODPLAIN, NO HOA, NO MUD TAXES!!
Unit Size
672 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$253
Property Type
House
Property Taxes
$151
HOA Dues
-
Year Built
1940
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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 #96504283)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 19, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | In contract | - | |
| In contract | |||
| Jun 5, 2024 | Listed by Green & Associates Real Estate | $170,000 | |
| Listed by Green & Associates Real Estate | |||
| | |||
|
TREMENDOUS LOCATION IN THE HEART OF CONROE! LOVELY HOME CONVERTED INTO A TURN KEY BEAUTY SALON LOCATED ON OVER A THIRD OF AN ACRE IN DOWNTOWN CONROE! EVERYTHING YOU SEE IS INCLUDED WITH THE SALE! THE BUILDING WAS ORIGINALLY A 2 BEDROOM / 1 BATH RESIDENCE WITH A LARGE ROOM, TWO AMPLE SIZED BEDROOMS, COZY BREAKFAST NOOK, AND A QUAINT KITCHEN WITH MINI FRIDGE & STACKABLE WASHER / DRYER. OVER THE YEARS THE OWNER HAS UPDATED ELECTRICAL, PLUMBING LINES, AND HVAC SYSTEM. THE OWNER ADDED ADDITIONAL WIRING AND PLUGS TO ACCOMODATE HER BUSINESS, SO THERE IS NO SHORTAGE OF OUTLETS TO USE! AT JUST OVER 15,000 SQUARE FEET, THE TWO LOTS ALLOW FOR PLENTY OF ROOM FOR EXPANSION IF DESIRED! THE FENCED BACKYARD IS ENORMOUS AND EVEN INCLUDES A STORAGE SHED! IT EVEN HAS ITS OWN PRIVATE ASPHALT PARKING LOT! NO FLOODPLAIN, NO HOA, NO MUD TAXES!!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Downtown Conroe
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Listed by: Hal Bazar, Green & Associates Real Estate
Last Updated: 5 months ago
Data Source: HAR , MLS# 96504283
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Last Updated: 5 months ago
Data Source: HAR , MLS# 96504283
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