24151 Highway 59
About This Property
-?In High Density Residential & Commercial Populated Area with Easy Access to Freeways & Retail
?-Excellent Location with Great Visibility & 433 Feet of Frontage on Highway 59
?-Located Only 2.3 Miles From The Grand Parkway (99) & Half a Mile From FM 1314
?-Average Traffic of Over 142,000 Vehicles Per Day on Hwy 59, Over 40,000 Vehicles Per Day on FM 1314 & Over -15,000 Vehicles Per Day on Loop 494
?-Property is Cleared, has Two Curb Cuts & Access to Utilities
?-Across from Auburn Trails at Oakhurst which Holds 516 Home Sites
?-Situated in Montgomery County & New Caney ISD
?-Total Tax Rate for 2019: $2.41 Per $100 of Assessed Value
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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 |
|---|---|---|---|
| Dec 30, 2021 | Sold | ||
| Sold | |||
| May 17, 2021 | Listed by Sendero Real Estate | $2,254,230 | |
| Listed by Sendero Real Estate | |||
| | |||
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?Outstanding Investment Opportunity in Rapidly Expanding Montgomery County
-?In High Density Residential & Commercial Populated Area with Easy Access to Freeways & Retail
?-Excellent Location with Great Visibility & 433 Feet of Frontage on Highway 59
?-Located Only 2.3 Miles From The Grand Parkway (99) & Half a Mile From FM 1314
?-Average Traffic of Over 142,000 Vehicles Per Day on Hwy 59, Over 40,000 Vehicles Per Day on FM 1314 & Over -15,000 Vehicles Per Day on Loop 494
?-Property is Cleared, has Two Curb Cuts & Access to Utilities
?-Across from Auburn Trails at Oakhurst which Holds 516 Home Sites
?-Situated in Montgomery County & New Caney ISD
?-Total Tax Rate for 2019: $2.41 Per $100 of Assessed Value
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About Montgomery
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Last Updated: 4 months ago
Data Source: HAR , MLS# 60322991
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