601 N Burleson ST
About This Property
You'll be captivated by the expansive space, offering a canvas of potential. The seller has gone through the city planning stage, including filing for permits, civil engineering (with utility plans), and geotagging for a nine townhome development. The buyer will also be provided with engineered plans and drawings, making this process seamless for the buyer and builder. Should a builder want to develop an alternative, such as single family homes, or even a commercial space, the opportunities to build are endless!
This strategic location in Kyle, TX, provides the perfect balance of tranquility and accessibility. The surrounding area showcases a mix of natural beauty and urban convenience, with nearby amenities, schools, and recreational options, ensuring a desirable living experience for future residents. Imagine crafting a residential haven where each townhome reflects meticulous design, quality construction, and a vision of modernity. Embrace the opportunity to shape the future of this exceptional property, where innovative ideas can come to life and flourish.
Check out some of the exciting things happening in Kyle:
-https://crosswindstexas.com/exciting-things-are-coming-in-uptown-kyle/
-https://communityimpact.com/austin/san-marcos-buda-kyle/development/2023/08/23/5-new-developments-in-the-works-in-kyle-san-marcos/
601 N Burleson is a blank canvas with unlimited possibilities, inviting a visionary builder to leave an indelible mark on Kyle's evolving landscape.
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Cap Rate Calculator
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 4, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Price Decreased |
$749,900
↓ $75K
(9.1%) | |
| Price Decreased | |||
| Mar 21, 2024 | Price Decreased |
$825,000
↓ $75K
(8.3%) | |
| Price Decreased | |||
| Feb 2, 2024 | Price Decreased |
$899,900
↓ $95K
(9.6%) | |
| Price Decreased | |||
| Oct 30, 2023 | Listed by Agency Dallas Park Cities, LLC | $995,000 | |
| Listed by Agency Dallas Park Cities, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017