8021 Avenue B
About This Property
Surrounded by a mix of residential and commercial properties, 8021 Avenue B benefits from its proximity to state highways 45, 610 & 225, University of Houston and up and coming neighborhood EaDo. Its accessible location enhances its potential value and attractiveness to potential investors or developers.
In summary, 8021 Avenue B embodies a versatile lot that holds promise for diverse undertakings. Its strategic location, generous dimensions, and adaptable potential make it a noteworthy canvas for realizing various projects that could enrich the community and its surroundings.
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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%.
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 |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | In contract | - | |
| In contract | |||
| Dec 28, 2024 | No longer available | - | |
| No longer available | |||
| Dec 28, 2024 | Listed by Acres Realty | $29,900 | |
| Listed by Acres Realty | |||
| | |||
|
LOT of 1,500 Sqft. Plans & drawings available!!
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| Dec 27, 2024 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017