$400,000 Last Listed Price
●
House -
Off Market
17226 Lewis Drive
Cypress, TX 77433
1 Bed
1 Bath
875 Ft²
$2,557
Est. Monthly
About This Property
Welcome to an exceptional unrestricted property on close to one
acre at 38,333 sqft backing to Cypress Creek. Built in 2018 this
versatile property invites endless possibilities-whether you seek a
peaceful residence, a thriving business, or a combination of both.
This mixed-use home has one bed/one bath with the garage located
below the property. The garage area is gravel and dirt and extend
to a covered pad site, providing ample covered parking or
workspace. Unrestricted, this property allows for a variety of
uses, including residential living, business operations, or both.
Conveniently located near Barker Cypress and Hwy 290 in the Hot
Wells Area, the property extends to the high bank. The main
structure is elevated and has vinyl plank flooring throughout, an
island kitchen with granite counters, stainless appliances, and
shaker style cabinets. The bathroom has granite and a huge walk in
shower with dual shower heads. Explore the potential and seize this
unique opportunity.
Unit Size
875 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$457
Property Type
House
Property Taxes
$592
HOA Dues
-
Year Built
2018
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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 #75057916)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | In contract | - | |
| In contract | |||
| Dec 7, 2023 | Listed by Compass RE Texas, LLC - Memorial | $400,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| Nov 16, 2020 | Sold | ||
| Sold | |||
| Aug 24, 2020 | Listed by Boston Real Estate Group | $297,500 | |
| Listed by Boston Real Estate Group | |||
| | |||
|
Unique opportunity to own this gorgeous piece of creek side, unrestricted land, with it's newly built one bed/one bath home on stilts. No Restrictions mean you can operate a business from this location, live here, live here AND work here. This is a very established area with easy access to Barker Cypress and Hwy 290 and a great mix of both residential and commercial w/in the Hot Wells Area. Property does extend down to the high bank creek. Property has one, one bedroom/one bath building on the property that needs work but would be great for a shop or office & an additional covered storage area that is enclosed near the front of the property. The structure is built on stilts and the garage areas (1st floor) are dirt pad and extend to the huge covered pad site that I am told used to house the original trailer home but works great now for covered parking or extended covered workspace. Zoned to desirable CFISD schools you could also lease the home and use the rest! Endless possibilities!
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Houston Hot Wells
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Listed by: Thalia Guderyon, Compass RE Texas, LLC - Memorial
Last Updated: 4 months ago
Data Source: HAR , MLS# 75057916
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Last Updated: 4 months ago
Data Source: HAR , MLS# 75057916
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