$550,000 Last Listed Price
●
House -
Off Market
11815 Aqueduct Road
Houston, TX 77044
3 Beds
1 Bath,
1
Half Bath
1,325 Ft²
$3,292
Est. Monthly
About This Property
Unique opportunity to own unrestricted land in Harris
County-perfect for commercial and/or residential use. Spanning
11.12 acres, the property features a large 50 x 30 mechanic's shop
built in 1998. It is equipped with 4 bays-one sized for an RV or
boat-making it ideal for various projects or businesses.
Only 15 minutes from IAH and close to the burgeoning Generation Park area, the site offers both seclusion and access to major thoroughfares, including Beltway 8. The property also includes a 1,325 SF home built in 1960, offering potential as a commercial office space or the site for your dream home. Roof replaced in 2018 with a 30-year warranty, 15 Ring devices with solar panels for enhanced security, aerobic septic system, and a deep well installed in 2018, ensuring total self-sufficiency.
Area requires no city taxes. The natural beauty and privacy this land offers assures endless possibilities for its new owners.
Only 15 minutes from IAH and close to the burgeoning Generation Park area, the site offers both seclusion and access to major thoroughfares, including Beltway 8. The property also includes a 1,325 SF home built in 1960, offering potential as a commercial office space or the site for your dream home. Roof replaced in 2018 with a 30-year warranty, 15 Ring devices with solar panels for enhanced security, aerobic septic system, and a deep well installed in 2018, ensuring total self-sufficiency.
Area requires no city taxes. The natural beauty and privacy this land offers assures endless possibilities for its new owners.
Unit Size
1,325 Ft²
Days on Market
-
Land Size
11.12 acres
Price per sqft
$415
Property Type
House
Property Taxes
$591
HOA Dues
-
Year Built
1960
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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: 4 months ago (HAR #2069961)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | In contract | - | |
| In contract | |||
| Apr 14, 2024 | Listed by Southern Heritage Realty | $550,000 | |
| Listed by Southern Heritage Realty | |||
| | |||
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Unique opportunity to own unrestricted land in Harris County—perfect for commercial and/or residential use. Spanning 11.12 acres, the property features a large 50 x 30 mechanic's shop built in 1998. It is equipped with 4 bays—one sized for an RV or boat—making it ideal for various projects or businesses.
Only 15 minutes from IAH and close to the burgeoning Generation Park area, the site offers both seclusion and access to major thoroughfares, including Beltway 8. The property also includes a 1,325 SF home built in 1960, offering potential as a commercial office space or the site for your dream home. Roof replaced in 2018 with a 30-year warranty, 15 Ring devices with solar panels for enhanced security, aerobic septic system, and a deep well installed in 2018, ensuring total self-sufficiency.
Area requires no city taxes. The natural beauty and privacy this land offers assures endless possibilities for its new owners.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Lincoln Park Farms
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Angela Smith, Southern Heritage Realty, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 2069961
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Last Updated: 4 months ago
Data Source: HAR , MLS# 2069961
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