$374,000 Last Listed Price
●
Multifamily -
Off Market
3217 Hirschfield Road #4
Spring, TX 77373
2 Beds
2 Baths
4,272 Ft²
$491,375
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
ATTENTION INVESTORS: 4-plex Available! Great
opportunity to own a fourplex building in Spring close to The
Woodlands, Bush Airport and Hardy Toll road area. Good growth area,
easy access to Exxon Mobil location. Good occupancy and good tenant
occupied. Unit will be available for showing upon offer and
preapproval letter. Nice two bedroom and 2 bath units. Good size,
spacious floor plan. Good growing area North Houston. Long term
tenants. Never flooded. Professionally managed by third party
HIGHLIGHTS • ALL UNITS TWO BEDROOM TWO BATH
• LAUNDRY, FIREPLACE AND PATIO EACH UNIT • 100 %
OCCUPANCY LOW VACANCY RATE (currently have one unit open for Owner
Occupant sale option) • NO MAINTENANCE OR ASOOCIATION FEE
TENANT PAYS OWN WATER/LIGHT
Unit Size
4,272 Ft²
Days on Market
-
Land Size
-
Price per sqft
$88
Property Type
Multifamily
Property Taxes
$615
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (HAR #97452679)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2022 | Sold | ||
| Sold | |||
| Feb 6, 2022 | Listed by Cityscape Brokers | $450,000 | |
| Listed by Cityscape Brokers | |||
| | |||
|
Fantastic investment opportunity to own stand alone fourplex in an up-and-coming area. Four units, each 2 bed 2 bath with patio. Recent updates including paint and new wood-look flooring in modern gray tones. Washer and dryer hookups and large open concept living areas. Open parking in front. Excellent location near The Woodlands, Bush airport, Hardy Toll Road and much more.
| |||
| Dec 12, 2020 | Sold | ||
| Sold | |||
| Sep 25, 2020 | Listed by Texas United Realty | $374,000 | |
| Listed by Texas United Realty | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Living Area SqFt: 4272
Exterior Details
Year Built: 1983
Year Built Source: Appraisal District
Home Type: Multi-Family
Property Sub Type: Fourplex
Roof: Composition
Financial Details
Total Taxes: $7,384
Tax Year: 2019
Tax Rate: 3.1786
Parcel Number: 114-248-002-0067
Utilities Details
Utilities District: 1
Utilities: Cable, Electric, Water
Heating Type: Central Electric
Cooling Type: Central Electric
Location Details
Location: From I-45, head east on FM 1960. Left of Aldine-Westfeild, right on Hirschfield. Left into parking lot. Fourplex is in back right. Unit A.
Subdivision: Timber Lane Sec 11
HOA Details
Other Fee: $18
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/06/2022
|
2 Bed
|
2 Bath
|
4272 ft²
|
$450,000
2 Bed
2 Bath
4272 ft²
|
$430,000
-4.44%
07/22/2022
|
Michael Ifland
Amy Renee Ifland
| |
|
09/25/2020
|
2 Bed
|
2 Bath
|
4272 ft²
|
$374,000
2 Bed
2 Bath
4272 ft²
|
$330,000
-11.76%
12/12/2020
|
Miranda Ejde
Texas United Realty
|
Building Info
About Timber Lane
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Listed by: Miranda Ejde, Texas United Realty
Last Updated: 3 years ago
Data Source: HAR , MLS# 97452679
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Last Updated: 3 years ago
Data Source: HAR , MLS# 97452679
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