6503 Pickens 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%.
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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 |
|---|---|---|---|
| Apr 24, 2024 | Sold | ||
| Sold | |||
| Apr 2, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Listed by Keller Williams Memorial | $949,000 | |
| Listed by Keller Williams Memorial | |||
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Incredible opportunity to live one block from Houston's beloved Memorial Park! 6503 Pickens has been beautifully updated & maintained with superb quality throughout. The gated entry provides privacy & security. The 1st floor features a completely renovated Bedroom/Office/Flex space complete w/ custom built-ins, updated full bath + access to a beautifully landscaped yard space. 2nd floor living is an elegant space w/ natural lighting, hard wood floors & beautiful built ins. The living space opens to the Dining Room & wet bar area. Enjoy your climate-controlled wine 'cellar' ready for your collection (used as extra storage space). The Kitchen features a Sub-Zero refrigerator, DCS gas range + Viking Vent hood. The balcony off the kitchen has new decking & is a great size for entertaining. The third floor has the primary bedroom, secondary bedroom and laundry. The beautiful primary bath is updated w/ jacuzzi tub, shower & countertops. Large walk-in closet. Do not miss this opportunity!
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Property Highlights
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Price/ft²
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About Central Houston
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Last Updated: 5 months ago
Data Source: HAR , MLS# 2547283
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