239 Texas Avenue
About This Property
**AGENT-OWNER SELLING AS-IS.***
Located in a shaded neighborhood near Galveston Bay, this lot offers a unique opportunity for those seeking affordability amidst the coastal charm of the region. Shaded by resilient trees, this property provides a sense of tranquility. At 5,000 square feet, this lot presents a canvas for those with a vision to create a humble abode or investment opportunity. While the area may not boast the prestige of more upscale neighborhoods, its proximity to Galveston Bay offers a gateway to outdoor recreation and maritime exploration. Consider this property as an opportunity to carve out your own niche amidst the bay's beauty, where the true value lies in the potential it holds for those with the vision to see beyond its current state.
Property is being sold for lot value only, mobile home has little to no value.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jul 20, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Listed by eXp Realty LLC | $75,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
***INVESTOR SPECIAL!***
**AGENT-OWNER SELLING AS-IS.***
Located in a shaded neighborhood near Galveston Bay, this lot offers a unique opportunity for those seeking affordability amidst the coastal charm of the region. Shaded by resilient trees, this property provides a sense of tranquility. At 5,000 square feet, this lot presents a canvas for those with a vision to create a humble abode or investment opportunity. While the area may not boast the prestige of more upscale neighborhoods, its proximity to Galveston Bay offers a gateway to outdoor recreation and maritime exploration. Consider this property as an opportunity to carve out your own niche amidst the bay's beauty, where the true value lies in the potential it holds for those with the vision to see beyond its current state.
Property is being sold for lot value only, mobile home has little to no value.
| |||
| Mar 4, 2024 | No longer available | - | |
| No longer available | |||
| Feb 25, 2024 | Price Decreased |
$84,500
↓ $5K
(6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017