1919 Blalock Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2021 | Sold | ||
| Sold | |||
| Jul 12, 2021 | Listed by Boston Real Estate Group | $720,000 | |
| Listed by Boston Real Estate Group | |||
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Incredible opportunity to invest in Houston area w/ the unique ability to live/work or use 100% for business. Excellent traffic count with this prime Blalock frontage. Seller has used the property for primarily mixed use, with both Residential & up to two businesses operational. Great parking is already available in front & back, & Seller attests that 18 wheelers are able to make load deliveries and pick ups w/ ease. The Warehouse in the back has three bays w/ 10x10 doors, 1 of which is air conditioned, & also has one bathroom, an office, & two open bays w/ ample raised storage. The potential is unlimited with this property as it could be multiple businesses, or one business by converting the sf home into the office, or even a studio or gym too! This is a prime 1/2 acre piece of land poised perfectly for making money now & to hold onto for future development as well. With its location within the heart of Houston, you will enjoy convenience w/ easy access to/from airports & Downtown.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017