$360,000 Last Listed Price
●
Multifamily -
Off Market
12309 Ormandy Street
Houston, TX 77085
3 Beds
2 Baths
2,704 Ft²
$362,791
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Side-by-side Duplex with two separate addresses - 12309/12311. NEW
ROOF (2022). Exterior Paint and New Fence (2022). Most windows ALL
replaced in 2022. Both Units are tenant-occupied.
Unit 12311 is 3-bed 2-bath remodeled townhouse. External HVAC unit replaced (2019), water heater replaced (2021), new kitchen (2022), new bathroom (2022), no carpets (tiles down and Laminate up), new paint. One bedroom (not Master) down with full bath. Master and second bedroom upstairs.
Unit 12309 is 2-bed 1.5-bath townhouse. NEW FULL HVAC (2022), replaced water heater (2021), tiles down and carpets up. Both bedrooms upstairs with full bath.
Since both units are tenant-occupied, there will be NO Showings without an accepted contract. No exceptions. DO NOT walk the property.
For rent info, see agent's comments. Plenty of room for possible rent increases.
Location! Location! Duplex is Close Proximity to Medical Center, the Beltway, 610.
Unit 12311 is 3-bed 2-bath remodeled townhouse. External HVAC unit replaced (2019), water heater replaced (2021), new kitchen (2022), new bathroom (2022), no carpets (tiles down and Laminate up), new paint. One bedroom (not Master) down with full bath. Master and second bedroom upstairs.
Unit 12309 is 2-bed 1.5-bath townhouse. NEW FULL HVAC (2022), replaced water heater (2021), tiles down and carpets up. Both bedrooms upstairs with full bath.
Since both units are tenant-occupied, there will be NO Showings without an accepted contract. No exceptions. DO NOT walk the property.
For rent info, see agent's comments. Plenty of room for possible rent increases.
Location! Location! Duplex is Close Proximity to Medical Center, the Beltway, 610.
Unit Size
2,704 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$133
Property Type
Multifamily
Property Taxes
$242
HOA Dues
$75
Year Built
1979
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Cap Rate Calculator
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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 #42126407)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2023 | Sold | ||
| Sold | |||
| Mar 19, 2023 | Listed by R. Alexa Group LLC | $360,000 | |
| Listed by R. Alexa Group LLC | |||
Property Highlights
Parking Details
Has Carport
Parking Features: Carport, Two
Interior Details
Full Bathrooms: 2
Appliances: Range, Disposal, Dishwasher, Refrigerator
Exterior Details
Has Property Attached
Square Footage: 2704
Year Built: 1979
Building Area Total: 2704
Construction Materials: Brick, Wood Siding
Lot Size Area: 0.0795
Lot Size Units: Acres
Lot Size Acres: 0.0795
Lot Size Square Feet: 3465
Financial Details
Tax Annual Amount: $2,906
Utilities Details
Cooling Type: Electric, Gas
Heating Type: Electric, Natural Gas
Location Details
HOA Fee: $75
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/19/2023
| |
3 Bed
|
2 Bath
|
2704 ft²
|
$360,000
3 Bed
2 Bath
2704 ft²
|
$355,030
-1.38%
05/10/2023
|
Obinna Duru
R. Alexa Group LLC
|
Building Info
About Southwest Houston
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Listed by: Obinna Duru, R. Alexa Group LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 42126407
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Last Updated: 5 months ago
Data Source: HAR , MLS# 42126407
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