280 Enloe Road
About This Property
Discover the opportunity of a lifetime with this unrestricted 3-acre property located at 280 Enloe Road, just minutes from US-75 in Howe, TX. Perfectly positioned for residential, agricultural, or commercial use, this versatile land offers endless potential for investors or individuals looking to build their dream. Key features include unrestricted Zoning with no HOA or restrictions-ideal for homesites, business ventures, or hobby farming. The spacious 3 acres can be subdivided to maximize its use. With water and electric already available, the property is development-ready. The property is in a prime location with easy access to Sherman, McKinney, and the DFW Metroplex while enjoying the tranquility of rural living. The level terrain is perfect for building, offering flexibility to craft a custom home, create multiple lots, or establish a business. The unrestricted zoning and subdivision options make this a rare opportunity to own a property that can grow with your vision.
Whether you're envisioning a sprawling estate, a profitable investment, or a unique business opportunity, this property is ready to make your dreams a reality. With utilities on-site and its prime location, this land won't stay on the market long.
Contact us today for more details or to schedule a tour of this extraordinary property!
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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 |
|---|---|---|---|
| Feb 5, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Nov 18, 2024 | Listed by TK Realty | $299,000 | |
| Listed by TK Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017