$1,129,000 Last Listed Price
●
House -
Off Market
1507 N Durham Drive
Houston, TX 77008
4 Beds
3 Baths
1,752 Ft²
$6,912
Est. Monthly
About This Property
Prime Heights/Greater Heights Property- Unlimited Potential Awaits!
Are you in search of a property that offers the perfect fusion of
residential charm and business opportunity? This 4-tract lot
spanning 9500 square feet boasts excellent street frontage and
provides high visibility, making it an ideal canvas for a variety
of businesses. Retail, offices, or even a unique mixed-use concept.
Situated in one of the most coveted neighborhoods, this property is
at the epicenter of Houston's vibrant scene. It offers easy access
to the city's key attractions, dining, shopping, and cultural
experiences. Your future residents or customers will appreciate the
convenience and charm of this location.
Unit Size
1,752 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$644
Property Type
House
Property Taxes
$1,368
HOA Dues
-
Year Built
1938
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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 #44971494)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Mar 7, 2024 | In contract | - | |
| In contract | |||
| Jan 31, 2024 | Relisted | $1,129,000 | |
| Relisted | |||
| Dec 30, 2023 | In contract | - | |
| In contract | |||
| Sep 11, 2023 | Listed by NextHome Realty Center | $1,129,000 | |
| Listed by NextHome Realty Center | |||
| | |||
|
Prime Heights/Greater Heights Property- Unlimited Potential Awaits! Are you in search of a property that offers the perfect fusion of residential charm and business opportunity? This 4-tract lot spanning 9500 square feet boasts excellent street frontage and provides high visibility, making it an ideal canvas for a variety of businesses. Retail, offices, or even a unique mixed-use concept. Situated in one of the most coveted neighborhoods, this property is at the epicenter of Houston's vibrant scene. It offers easy access to the city's key attractions, dining, shopping, and cultural experiences. Your future residents or customers will appreciate the convenience and charm of this location.
| |||
Property Highlights
Air Conditioning
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Central Houston
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Listed by: Rosie Moran, NextHome Realty Center
Last Updated: 6 months ago
Data Source: HAR , MLS# 44971494
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Last Updated: 6 months ago
Data Source: HAR , MLS# 44971494
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