$338,000 Last Listed Price
●
House -
Off Market
11014 Forrest Valley Drive
Houston, TX 77065
4 Beds
3 Baths
3,000 Ft²
$1,917
Est. Monthly
About This Property
Behold this unique real estate opportunity! Two adjacent lots
combine to create a generous footprint exceeding 15,000 square
feet! Situated in a prime location at the entrance of the
well-established residential community of Evergreen Woods, the
property boasts a 3,000-square-foot building with endless
potential. Originally designed as a residential property, the space
includes 5 bedrooms and 3 baths that have transformed into, a
commercial landscape company. Whether you continue to watch the
existing business flourish, have other entrepreneurial dreams, or
want to take advantage of the location, infrastructure, and square
footage for an investment opportunity, the opportunity can't be
beaten! The building offers 5 bedrooms and 3 bathrooms and includes
HVAC, plumbing, and a sprinkler system. Don't miss this rare chance
to secure a property with endless potential.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$113
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
-
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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 #24471801)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Feb 6, 2024 | In contract | - | |
| In contract | |||
| Jan 11, 2024 | No longer available | - | |
| No longer available | |||
| Jan 10, 2024 | Listed by KSP | $338,000 | |
| Listed by KSP | |||
| | |||
|
Behold this unique real estate opportunity! Two adjacent lots combine to create a generous footprint exceeding 15,000 square feet! Situated in a prime location at the entrance of the well-established residential community of Evergreen Woods, the property boasts a 3,000-square-foot building with endless potential. Originally designed as a residential property, the space includes 5 bedrooms and 3 baths that have transformed into, a commercial landscape company. Whether you continue to watch the existing business flourish, have other entrepreneurial dreams, or want to take advantage of the location, infrastructure, and square footage for an investment opportunity, the opportunity can't be beaten! The building offers 5 bedrooms and 3 bathrooms and includes HVAC, plumbing, and a sprinkler system. Don’t miss this rare chance to secure a property with endless potential.
| |||
| Nov 2, 2023 | Listed by KSP | $368,000 | |
| Listed by KSP | |||
| | |||
|
Behold this unique real estate opportunity! Two adjacent lots combine to create a generous footprint exceeding 15,000 square feet! Situated in a prime location at the entrance of the well-established residential community of Evergreen Woods, the property boasts a 3,000-square-foot building with endless potential. Originally designed as a residential property, the space includes 5 bedrooms and 3 baths that have transformed into, a commercial landscape company. Whether you continue to watch the existing business flourish, have other entrepreneurial dreams, or want to take advantage of the location, infrastructure, and square footage for an investment opportunity, the opportunity can't be beaten! The building offers 5 bedrooms and 3 bathrooms and includes HVAC, plumbing, and a sprinkler system. Don’t miss this rare chance to secure a property with endless potential.
| |||
Property Highlights
Garage
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
Closing Price
Sold On
Sold On
HOA + Taxes
About Evergreen Woods
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Veronica Rademacher, KSP
Last Updated: 5 months ago
Data Source: HAR , MLS# 24471801
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Last Updated: 5 months ago
Data Source: HAR , MLS# 24471801
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