3714 Audubon Place
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 24, 2022 | Sold | ||
| Sold | |||
| Apr 15, 2022 | Listed by RE/MAX Signature Galleria | $649,000 | |
| Listed by RE/MAX Signature Galleria | |||
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Stately historic home in coveted Audubon Place, a neighborhood that is part of the original Montrose addition in the 1910's. This neighborhood is conveniently located to Downtown, Texas Medical Center, Rice University, St. Thomas University, and the Museum District with easy access to Spur 527/Hwy 59. Property has been used as a law office since the mid 1980's. It has offered convenience to an inner-city clientele. Home has been well-maintained but not upgraded to the standards of residential properties. It's highest and best use may be that it continues being used as a COMMERCIAL office space. Property boasts high ceilings, nice large rooms, ample windows, and loads of character. There is front parking allowing for about 4 vehicles as well as off-street parking. Driveway to the left of the home can be reinstated by removing gate and landscaping to allow for an additional parking area in the back. This Colonial Revival home has a presence that does not disappoint.
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About Central Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017