$999,500 Last Listed Price
●
House -
Off Market
618-620 West Drive
Channelview, TX 77530
4 Beds
2 Baths
1,216 Ft²
$5,212
Est. Monthly
About This Property
This is an investors jewel hidden in the heart of Channelview. This
property is a combination of living space and office space to live,
run a business or rent to tenants as well as office space to rent
for business space. The property currently has a tenant renting the
corner space to the left entrance of property. Next to rented space
there is a very well-kept mobile home just vacated with opportunity
for rental. Across the two mobile homes there is large office space
available to rent that is connected by a wide covered port. To the
far left past the two mobile homes on left and across the office
space there is a mechanic shop currently being rented that has
three mechanic stations that can be used as garage space or
converted into living quarters. In addition, there is cleared space
available for trucks to park, boat storage, or industrial equipment
storage.
Unit Size
1,216 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$822
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1991
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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: 4 months ago (HAR #28122052)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Mar 25, 2024 | Listed by Epique Realty LLC | $999,500 | |
| Listed by Epique Realty LLC | |||
| | |||
|
This is an investors jewel hidden in the heart of Channelview. This property is a combination of living space and office space to live, run a business or rent to tenants as well as office space to rent for business space. The property currently has a tenant renting the corner space to the left entrance of property. Next to rented space there is a very well-kept mobile home just vacated with opportunity for rental. Across the two mobile homes there is large office space available to rent that is connected by a wide covered port. To the far left past the two mobile homes on left and across the office space there is a mechanic shop currently being rented that has three mechanic stations that can be used as garage space or converted into living quarters. In addition, there is cleared space available for trucks to park, boat storage, or industrial equipment storage.
| |||
| Mar 9, 2024 | No longer available | - | |
| No longer available | |||
| Mar 7, 2023 | Listed by MetroPlus Realty | $999,500 | |
| Listed by MetroPlus Realty | |||
| | |||
|
This is an investors jewel hidden in the heart of Channelview. This property is a combination of living space and office space to live, run a business or rent to tenants as well as office space to rent for business space. The property currently has a tenant renting the corner space to the left entrance of property. Next to rented space there is a very well-kept mobile home just vacated with opportunity for rental. Across the two mobile homes there is large office space available to rent that is connected by a wide covered port. To the far left past the two mobile homes on left and across the office space there is a mechanic shop currently being rented that has three mechanic stations that can be used as garage space or converted into living quarters. In addition, there is cleared space available for trucks to park, boat storage, or industrial equipment storage.
| |||
Property Highlights
Garage
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
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Closing Price
Sold On
Sold On
HOA + Taxes
About Old River Terrace
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Listed by: Claudia Govea, Epique Realty LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 28122052
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Last Updated: 4 months ago
Data Source: HAR , MLS# 28122052
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