$400,000 Last Listed Price
●
Land -
Off Market
407 E Avenue G
Conroe, TX 77301
Studio
0 Bath
$534,877
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Hello Investors, Entrepreneurs, Dreamers, and 'Land Within the
City' Seekers! What you will find when you visit 407 E Avenue G is
a blank slate. This unrestricted land is within Conroe city limits,
and holds near limitless possibilities for its future owner. What
is literally for sale is: the whole block encompassed by these four
streets: E Avenue G, S 2nd St, Avenue H, and S 3rd St. This land
can be zoned and used in many manners (commercial, residential,
multi-family, etc.), and we welcome you to reach out to the City of
Conroe's City Planner's office for more information. Feel free to
walk the exterior of this land, and call for any on grounds visits.
Please note the neighboring block, just on the other side of E
Avenue G is for sale. It houses 3 residences, on over 3 acres of
land, and is listed for $1.2 million. We welcome all serious offers
and buyers. Thank you!
Unit Size
-
Days on Market
-
Land Size
2.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$75
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: 6 months ago (HAR #5500906)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2020 | Sold | ||
| Sold | |||
| Jul 6, 2020 | Listed by Jo & Co. Realty Group | $400,000 | |
| Listed by Jo & Co. Realty Group | |||
| | |||
|
Hello Investors, Entrepreneurs, Dreamers, and 'Land Within the City' Seekers! What you will find when you visit 407 E Avenue G is a blank slate. This unrestricted land is within Conroe city limits, and holds near limitless possibilities for its future owner. What is literally for sale is: the whole block encompassed by these four streets: E Avenue G, S 2nd St, Avenue H, and S 3rd St. This land can be zoned and used in many manners (commercial, residential, multi-family, etc.), and we welcome you to reach out to the City of Conroe's City Planner's office for more information. Feel free to walk the exterior of this land, and call for any on grounds visits. Please note the neighboring block, just on the other side of E Avenue G is for sale. It houses 3 residences, on over 3 acres of land, and is listed for $1.2 million. We welcome all serious offers and buyers. Thank you!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Science Hill
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Listed by: Jordan Schilleci, Jo & Co. Realty Group
Last Updated: 6 months ago
Data Source: HAR , MLS# 5500906
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Last Updated: 6 months ago
Data Source: HAR , MLS# 5500906
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