12615 Arp Street
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | Sold | ||
| Sold | |||
| Oct 11, 2024 | Listed by ABSOLUTE Realty Group Inc. | $335,000 | |
| Listed by ABSOLUTE Realty Group Inc. | |||
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Located in the the center of Fondren Gardens/ South West Houston, 12615 Arp St. offers a serene and secluded retreat. This beautifully renovated 4-bedroom, 2-bathroom home features a spacious 12,480 square foot lot, mature trees, and a fully fenced, private compound. Enjoy the modern comforts of a recently renovated home while immersing yourself in the tranquility of nature. With its convenient location near major highways SUCH AS BELTWAY 8, and amenities, this property provides the perfect blend of city living and suburban serenity. ALL NEW APPLIANCES AND FRESH PAINT.
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| May 1, 2024 | No longer available | - | |
| No longer available | |||
| Mar 11, 2024 | Listed by ABSOLUTE Realty Group Inc. | $335,000 | |
| Listed by ABSOLUTE Realty Group Inc. | |||
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located minutes away from beltway 8 and alt 90 Hwy, south main st, easy access to everywhere. the house has two lots, first lot is 4,160 sq ft, and second lot is 8,320 sq ft, total 12,480 sq ft. building is app 2,600 sq ft. 100% fully renovated back in 2021. new roof, new fencing, new garage, new flooring, new appliances, new Hvac, water heater, cabinets, new plumbing, new electrical wiring and panel and etc with city of Houston approval. Due to the lot size, potentially to add another building by the side or at the back of the existing house. No HOA, No restriction
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017