4657 Phlox Street
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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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by LPT Realty, LLC | $99,999 | |
| Listed by LPT Realty, LLC | |||
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This prime plot of land at 4657 Phlox Street offers a valuable opportunity for commercial development in a dynamic area of Houston. Strategically located with excellent visibility and access, the property is conveniently close to major highways and the airport, enhancing connectivity for business operations. Surrounded by a well-established neighborhood, this land provides a solid foundation for future growth. With its favorable location and development potential, this site is ideal for businesses looking to make an impact in a promising area.
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Property Highlights
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About Southeast Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017