2511 Lee Street
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Feb 16, 2024 | In contract | - | |
| In contract | |||
| Feb 7, 2024 | Listed by eXp Realty LLC | $289,000 | |
| Listed by eXp Realty LLC | |||
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Discover this exceptional 4 bed/2 bath gem on an oversized lot just moments from Downtown, Eado, and Heights, with a quick bike jaunt to Saint Arnold Brewing Company. Ideal for commuters, it boasts seamless access to 59, 610, I-10, and I-45. Embrace energy efficiency with wood floors, insulated panels, Techshield Radiant Barrier roofing, and Weathermate house wrap, ensuring lower utility costs. Pre-wired for security and smart home integration, it awaits your personal touch. Act swiftly – schedule your viewing. Lot has plenty of space for an income-producing building or home. Don't miss out on this opportunity.
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About Central Houston
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Last Updated: 6 months ago
Data Source: HAR , MLS# 53839573
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017