$625,000 Last Listed Price
●
House -
Off Market
1612 W Highway 6
Alvin, TX 77511
3 Beds
3 Baths
3,488 Ft²
$629,866
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
If you have been looking for a property with land that can be used
as commercial and or residential, look no further! This 4 acre
tract of land is right off Highway 6 in the quickly growing city of
Alvin. The house consists of 3 bedrooms, 3 full baths, a huge
island kitchen and laminate wood floors throughout. This could be
perfect for someone who would want to live in the house and use the
land for their business. The home could also be converted to an
office. Endless possibilities and a great investment in our growing
city. In the back you will find an oversized covered patio that
looks out to the pond. The land is completely fenced and has two
storage buildings. This is truly a unique property with a great
location. Schedule your private tour today!
Unit Size
3,488 Ft²
Days on Market
-
Land Size
4.04 acres
Price per sqft
$179
Property Type
House
Property Taxes
$866
HOA Dues
-
Year Built
-
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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: 4 months ago (HAR #82318696)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 4, 2023 | Sold | ||
| Sold | |||
| Jul 19, 2023 | Listed by Keller Williams Hou Preferred | $699,900 | |
| Listed by Keller Williams Hou Preferred | |||
| | |||
|
If you have been looking for a property with land that can be used as commercial and or residential, look no further! This 4 acre tract of land is right off Highway 6 in the quickly growing city of Alvin. The house consists of 3 bedrooms, 3 full baths, a huge island kitchen and laminate wood floors throughout. This could be perfect for someone who would want to live in the house and use the land for their business. The home could also be converted to an office. With most of the acreage being in the back you have all the room to store trucks, company equipment etc. Endless possibilities and a great investment in our growing city. In the back you will find an oversized covered patio that looks out to the pond. The land is completely fenced and has two storage buildings. This is truly a unique property with a great location right off Highway 6. Schedule your private tour today!
| |||
| May 12, 2022 | Sold | ||
| Sold | |||
| Apr 5, 2022 | Listed by Keller Williams Hou Preferred | $625,000 | |
| Listed by Keller Williams Hou Preferred | |||
| | |||
|
If you have been looking for a property with land that can be used as commercial and or residential, look no further! This 4 acre tract of land is right off Highway 6 in the quickly growing city of Alvin. The house consists of 3 bedrooms, 3 full baths, a huge island kitchen and laminate wood floors throughout. This could be perfect for someone who would want to live in the house and use the land for their business. The home could also be converted to an office. Endless possibilities and a great investment in our growing city. In the back you will find an oversized covered patio that looks out to the pond. The land is completely fenced and has two storage buildings. This is truly a unique property with a great location. Schedule your private tour today!
| |||
Property Highlights
Fireplace
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 Alvin
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Emily McCollum, Keller Williams Hou Preferred
Last Updated: 4 months ago
Data Source: HAR , MLS# 82318696
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Last Updated: 4 months ago
Data Source: HAR , MLS# 82318696
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