$185,000 Last Listed Price
●
House -
Off Market
523 Cresline Street
Houston, TX 77076
7 Beds
2 Baths
1,964 Ft²
$1,357
Est. Monthly
About This Property
Welcome! CURRENTLY TENANT OCCUPIED and being rented as a Co-Living
home. It is a fantastic turn-key investment opportunity in a prime
location. This property boasts 7 bedrooms and 2 bathrooms, perfect
for a co-living / multi gen family / group home / assisted living /
senior care / or other arrangements for amazing rental income. With
some TLC and a little bit of elbow grease, this fixer-upper has
incredible potential for a savvy investor. The tenant-occupied home
is a landlord's dream, offering massive cashflow and value-add
opportunities. Under new management and ready to make you mint.
Don't miss out on this chance to turn this diamond in the rough
into a shining gem.
Unit Size
1,964 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$94
Property Type
House
Property Taxes
$449
HOA Dues
-
Year Built
1950
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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: 5 months ago (HAR #7606512)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | No longer available | - | |
| No longer available | |||
| Sep 11, 2024 | Listed by Realty Right | $185,000 | |
| Listed by Realty Right | |||
| Jun 6, 2024 | Listed by Realty Right | $240,000 | |
| Listed by Realty Right | |||
| | |||
|
Welcome! CURRENTLY TENANT OCCUPIED and being rented as a Co-Living home. It is a fantastic turn-key investment opportunity in a prime location. This property boasts 7 bedrooms and 2 bathrooms, perfect for a co-living / multi gen family / group home / assisted living / senior care / or other arrangements for amazing rental income. With some TLC and a little bit of elbow grease, this fixer-upper has incredible potential for a savvy investor. The tenant-occupied home is a landlord's dream, offering massive cashflow and value-add opportunities. Under new management and ready to make you mint. Don't miss out on this chance to turn this diamond in the rough into a shining gem. This home can be purchased by itself or as a part of 18 unit SFR portfolio.
| |||
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Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
Price/ft²
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Houston
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Listed by: Erick Harbert, Realty Right
Last Updated: 5 months ago
Data Source: HAR , MLS# 7606512
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Last Updated: 5 months ago
Data Source: HAR , MLS# 7606512
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