307 Preston Street
About This Property
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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 |
|---|---|---|---|
| Aug 30, 2023 | Sold | ||
| Sold | |||
| Jul 20, 2023 | Listed by Re/Max Property Group | $80,000 | |
| Listed by Re/Max Property Group | |||
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Wonderful opportunity to own a lot in downtown Richmond! Endless possibilities to build a home, or develop a thriving business in the heart of historic Richmond just off of main street.
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| Jun 12, 2020 | Sold | ||
| Sold | |||
| Jan 24, 2020 | Listed by Caryn Beard Properties | $45,000 | |
| Listed by Caryn Beard Properties | |||
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Downtown Richmond lot - prime for development
Once in a lifetime opportunity to own property in Historic Downtown Richmond! Overlooking beautiful Wessendorf Park, with views into famed Morton Cemetery! Walking trails, walk to restaurants, shops, Courthouse, Coffee bars and other amenities that can only be found downtown. Zoned Old Town, which provides flexibility on what may be built on this parcel. Richmond was one of the first 17 cities chartered in the State and has been the County Seat of Fort Bend County, since 1837. Enjoy the slower pace, and since of history that sets Richmond apart from other suburbs of Houston.
Listing Agent is an owner of this property
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017