3120 Gray Street
About This Property
The lot is totally fenced from all sides with a mobile gate, ground stabilized with gravel, utilities on the lot.
Property just one block from I-45 South and near US 59. Location just minutes from Downtown & University of Houston. Great lot to build on redeveloping area!
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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 |
|---|---|---|---|
| Jan 26, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2023 | Listed by RE/MAX Grand | $368,000 | |
| Listed by RE/MAX Grand | |||
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Selling both continuous lots. 3118 Gray St 5,000 S.F. & 3120 Gray St 4,416 S.F. Total combined square foot 9,416.
The lot is totally fenced from all sides with a mobile gate, ground stabilized with gravel, utilities on the lot.
Property just one block from I-45 South and near US 59. Location just minutes from Downtown & University of Houston. Great lot to build on redeveloping area!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017