706 Lyle West Avenue #708
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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.
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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 |
|---|---|---|---|
| Nov 14, 2025 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Nov 3, 2025 | Listed by Top Guns Realty on Lake Conroe | $250,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
| Nov 1, 2025 | No longer available | - | |
| No longer available | |||
| Apr 30, 2025 | Listed by Top Guns Realty on Lake Conroe | $250,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
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Investment opportunity in the growing community of Cleveland, TX 77327—a portfolio of five fully-occupied duplexes offering cash flow and long-term appreciation potential. Each duplex features two spacious 2-bedroom, 1-bath units, with approximately 900 square feet per side and a total of +/-1,800 square feet per building. That’s 10 income-producing units across the portfolio, all currently leased and generating steady rental income. These properties sit on individual lots and are ideal for investors looking to expand their portfolio, execute a 1031 exchange, or secure passive income in a strong rental market. Located in a high-demand area with ongoing development, this offering represents a turnkey solution for both new and seasoned investors seeking stability, scale, and growth in Texas real estate.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/30/2025
|
2 Bed
|
1 Bath
|
1800 ft²
|
$250,000
2 Bed
1 Bath
1800 ft²
|
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-
|
Kyle Heffron
eXp Realty LLC
|
Building Info
- 1 Unit for Sale
About Cleveland
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,150 /mo
- 3 Beds
- 2 Baths
- 1,080 ft²
$1,125 /mo
- 2 Beds
- 2 Baths
- 886 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017