$219,000 Last Listed Price
●
Land -
Off Market
1716 Freeman Street
Houston, TX 77009
Studio
0 Bath
$1,376
Est. Monthly
About This Property
Uncover an outstanding investment opportunity with this exceptional
5000 SQFT cleared lot situated in a highly coveted area! This fully
fenced property invites your imagination - whether it's envisioning
your dream home or embarking on a profitable Airbnb venture. Enjoy
the flexibility to build without the constraints of an HOA,
allowing for limitless creative possibilities. Conveniently located
near White Oak Bayou Greenway, Harris Health Thomas Street,
University of Houston-Downtown, and Marilyn Davies College of
Business, this vacant lot offers strategic positioning. Easy access
to Interstate 45 adds further convenience for residents or
potential guests. Don't let this rare chance to acquire land in a
prime location slip away. Book a viewing today and unlock the
potential for your dream home or a lucrative investment in the
flourishing Airbnb market. Please note: A survey is not available
for this property, and buyers are responsible for purchasing a
survey at their expense.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
$301
HOA Dues
-
Year Built
1910
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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 #60972392)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| Feb 9, 2024 | Listed by Keller Williams Signature | $219,000 | |
| Listed by Keller Williams Signature | |||
| Jan 17, 2024 | No longer available | - | |
| No longer available | |||
| Nov 21, 2023 | Listed by Real Broker, LLC | $235,000 | |
| Listed by Real Broker, LLC | |||
| | |||
|
Welcome to an incredible opportunity to acquire a prime 5000 SQFT cleared lot in a highly sought-after location! This fully fenced property is ready for the realization of your dream home or a lucrative Airbnb venture. Enjoy the freedom to build without any HOA restrictions. Positioned near the White Oak Bayou Greenway, Harris Health Thomas Street, University of Houston-Downtown, and Marilyn Davies College of Business, this vacant lot offers a strategic location. With easy access to Interstate 45, commuting is seamless, enhancing the overall convenience. Seize this rare chance to own land in a prime location—schedule a viewing today and embark on building your dream home or Airbnb
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
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Listed by: Amin Dawood, Keller Williams Signature
Last Updated: 4 months ago
Data Source: HAR , MLS# 60972392
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Last Updated: 4 months ago
Data Source: HAR , MLS# 60972392
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