$400,000 Last Listed Price
●
Land -
Off Market
112 71st Street
Houston, TX 77011
Studio
0 Bath
$398,909
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Unrestricted lot in the heart of EADO with 164 ft of frontage;
Ideal for a restaurant, drive through eatery, smoke shop, liquor
store, bar, night club or a pawn shop. The area is experiencing
rapid development with residential builders and flippers
constructing homes at a rapid pace. Located across the street from
PNC bank, beside a successful restaurant and within close vicinity
of the greyhound bus station, this lot is ideally situated for your
next commercial venture. The greyhound bus station is used by a lot
of people from all walks of life and the Sherwin Williams
Commercial store attracts a lot of construction workers to the
area, making this property prime for a business that needs a
diverse clientele or a potential eatery for passers by.
Optionally it could hold at least 8 townhomes with shared driveway
in the middle. Attached plans showing how to allocate 7 single
family homes.
Unit Size
-
Days on Market
-
Land Size
0.37 acres
Price per sqft
-
Property Type
Land
Property Taxes
$222
HOA Dues
-
Year Built
1930
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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 #67948436)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2023 | Listed by JPAR - The Sears Group | $400,000 | |
| Listed by JPAR - The Sears Group | |||
| | |||
|
Unrestricted lot in the heart of EADO with 164 ft of frontage; Ideal for a restaurant, drive through eatery, smoke shop, liquor store, bar, night club or a pawn shop. The area is experiencing rapid development with residential builders and flippers constructing homes at a rapid pace. Located across the street from PNC bank, beside a successful restaurant and within close vicinity of the greyhound bus station, this lot is ideally situated for your next commercial venture. The greyhound bus station is used by a lot of people from all walks of life and the Sherwin Williams Commercial store attracts a lot of construction workers to the area, making this property prime for a business that needs a diverse clientele or a potential eatery for passers by. Optionally it could hold at least 8 townhomes with shared driveway in the middle. Attached plans showing how to allocate 7 single family homes.
| |||
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
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Closing Price
Sold On
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HOA + Taxes
About Eastside
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kate Myhan, JPAR - The Sears Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 67948436
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Last Updated: 5 months ago
Data Source: HAR , MLS# 67948436
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