$175,000 Last Listed Price
●
House -
Off Market
1405 Southline Street
Cleveland, TX 77327
4 Beds
2 Baths,
2
Half Baths
1,972 Ft²
$200,277
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Are you looking for a home, that you can also collect rent from?
This might be the home for you, income producing duplex located in
the heart of Cleveland, each unit is 986 ft.². Each unit has two
bedrooms, one and a half bathrooms. Home features an attached
carport. Each unit has their own fenced backyard. The back unit has
been completely remodeled, new insulation, new sheet rock, new
flooring, new furnace, new light fixtures, New cabinets, new sinks,
new tiled shower, this unit includes the washer, dryer,
refrigerator, and electric mower. The other side could use some
TLC. Great tenants! The remodeled side rents for $825 a month and
the other side rents for $675 a month. That's $1500 a month. High
and dry! No flooding, NO HOA, no restrictions! Home comes with a 1
year home warranty! Great rental investment, or move in to one side
and have half your mortgage payment paid! Both sides are occupied,
call for more information!
Unit Size
1,972 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$89
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1975
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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: 6 months ago (HAR #64808614)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 26, 2021 | Sold | ||
| Sold | |||
| Mar 21, 2021 | Listed by BHGRE Gary Greene | $175,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Are you looking for a home, that you can also collect rent from? This might be the home for you, income producing duplex located in the heart of Cleveland, each unit is 986 ft.². Each unit has two bedrooms, one and a half bathrooms. Home features an attached carport. Each unit has their own fenced backyard. The back unit has been completely remodeled, new insulation, new sheet rock, new flooring, new furnace, new light fixtures, New cabinets, new sinks, new tiled shower, this unit includes the washer, dryer, refrigerator, and electric mower. The other side could use some TLC. Great tenants! The remodeled side rents for $825 a month and the other side rents for $675 a month. That’s $1500 a month. High and dry! No flooding, NO HOA, no restrictions! Home comes with a 1 year home warranty! Great rental investment, or move in to one side and have half your mortgage payment paid! Both sides are occupied, call for more information!
| |||
| Feb 24, 2020 | Sold | ||
| Sold | |||
| Aug 21, 2019 | Listed by Keller Williams Advtge Realty | $120,000 | |
| Listed by Keller Williams Advtge Realty | |||
| | |||
|
This duplex is conveniently located near the Cleveland Middle School and High School. Each unit has 2 bedrooms with large closets and 1.5 baths. Back yard is fenced. Carport parking. Both units are currently occupied.
| |||
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cleveland
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Listed by: Victoria Lewis, BHGRE Gary Greene
Last Updated: 6 months ago
Data Source: HAR , MLS# 64808614
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Last Updated: 6 months ago
Data Source: HAR , MLS# 64808614
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