$350,000 Last Listed Price
●
House -
Off Market
2341 Reid Boulevard
Pearland, TX 77581
4 Beds
3 Baths
1,976 Ft²
$350,587
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
"Country in the city" is calling all you city slickers! If you've
been tirelessly hunting for a home w/ guest questers, this would be
ideal. Sale includes main home, mobile home & 3 storage buildings
sitting on about 2.48 acres in Pearland. Adjacent 4+ acres
currently owned by city. This property has so much potential...it
would a great opportunity for you to have horses, create rental
income, and/or build your custom home in a private location back
off of the main road. There is even a RV pad w/ electric hook-up.
Roof on the main home was replaced a few years ago & both home &
mobile have updated PEX water pipes thanks to the infamous ice
storm. Seller says flood water never entered into the main home,
nor into the mobile home. Home measurements & square footages
listed include main home + mobile. Seller does not have a survey.
Buyers are encouraged to verify all information including but not
limited to specific uses, restrictions, utility availability,
measurements & property lines.
Unit Size
1,976 Ft²
Days on Market
-
Land Size
2.48 acres
Price per sqft
$177
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1954
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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: 5 months ago (HAR #57668630)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2023 | Sold | ||
| Sold | |||
| Mar 20, 2022 | Listed by CB&A, Realtors- Southeast | $350,000 | |
| Listed by CB&A, Realtors- Southeast | |||
| | |||
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"Country in the city" is calling all you city slickers! If you've been tirelessly hunting for a home w/ guest questers, this would be ideal. Sale includes main home, mobile home & 3 storage buildings sitting on about 2.48 acres in Pearland. Adjacent 4+ acres currently owned by city. This property has so much potential...it would a great opportunity for you to have horses, create rental income, and/or build your custom home in a private location back off of the main road. There is even a RV pad w/ electric hook-up. Roof on the main home was replaced a few years ago & both home & mobile have updated PEX water pipes thanks to the infamous ice storm. Seller says flood water never entered into the main home, nor into the mobile home. Home measurements & square footages listed include main home + mobile. Seller does not have a survey. Buyers are encouraged to verify all information including but not limited to specific uses, restrictions, utility availability, measurements & property lines.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Pearland
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Listed by: Randall Martin, CB&A, Realtors- Southeast
Last Updated: 5 months ago
Data Source: HAR , MLS# 57668630
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Last Updated: 5 months ago
Data Source: HAR , MLS# 57668630
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