$149,900 Last Listed Price
●
House -
Off Market
201 Avenue I
Conroe, TX 77301
3 Beds
4 Baths,
1
Half Bath
3,960 Ft²
$227,801
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
INVESTORS over an ACRE OF LOT, (NOT A FLOOD ZONE and property did
not flood), property being sold as a COMBO package along with 200
Avenue J which gives this combined lot sale approximately 45,000
square feet of lot with an additional bonus property WITH 2
BEDROOMS and full bath providing approximately 1,520 square feet of
additional living space and this property is on SLAB.
Per the county records the combined sale will include LOTS
10-25 on block 10. We should have a survey by
01/04/2019. Property also includes a large pool (definitely needs a
lot of work, however it's present). Another good piece of info
provided to me is that this lot can be used either for commercial
or residential (POTENTIAL BUYERS PLEASE VERIFY THIS WITH
CITY/COUNTY ZONING) , great investment opportunity. For the
right investor I believe this property could be lucrative.
Unit Size
3,960 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$38
Property Type
House
Property Taxes
$183
HOA Dues
-
Year Built
1970
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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: 3 years ago (HAR #92899078)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2020 | Sold | ||
| Sold | |||
| Feb 25, 2020 | Listed by Rocket, Realtors | $159,000 | |
| Listed by Rocket, Realtors | |||
| | |||
|
Rare opportunity immediately South of downtown Conroe,this 1.14 acre sprawling property is NOT located within a flood zone and provides a unique dual zoning ability for either RESIDENTIAL OR COMMERCIAL(investor choice).This property is being sold as a combo package along with 200 Avenue J. The two properties combined offer 5480 square feet of living space with the main home on 201 Ave I providing 3 bedrooms with a possibility of a 4th bedroom while the smaller home on 200 Ave J provides 2 bedrooms and is built on slab. For investors this property is ripe for subdivide,replat and improve(w/Residential homes).The large family park across the street is ideal for residential living and together with the already APPROVED Conroe development plan to revitalize the downtown area this property hits all of the criteria an investor is looking for. Conroe is growing fast, this spacious property provides so many different appointments for you to choose from; it's next purpose is waiting!
| |||
| Jan 22, 2019 | Sold | ||
| Sold | |||
| Jan 3, 2019 | Listed by Rocket, Realtors | $149,900 | |
| Listed by Rocket, Realtors | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Science Hill
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Listed by: Richard Fenyes, Rocket, Realtors
Last Updated: 3 years ago
Data Source: HAR , MLS# 92899078
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Last Updated: 3 years ago
Data Source: HAR , MLS# 92899078
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