852 Veller Drive
About This Property
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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 |
|---|---|---|---|
| Mar 24, 2025 | Sold | ||
| Sold | |||
| Mar 17, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Listed by Century 21 Lucky Money | $85,000 | |
| Listed by Century 21 Lucky Money | |||
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This prime lot is ready for you to build your dream home or establish your business with no restrictions! The seller already has approved plans from the city for a shop and home, along with plans for a septic system and well, making the building process even more convenient. Ideally located near Beltway 8, Hardy Toll Road, and IAH Airport, this property offers easy access to major highways, making it perfect for residential or commercial use. Whether you're looking to create a private retreat or a thriving business, the possibilities are endless. Don't miss out on this incredible opportunity—come see it today!
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| Nov 8, 2024 | No longer available | - | |
| No longer available | |||
| May 7, 2024 | Listed by Harding Group Properties | $99,900 | |
| Listed by Harding Group Properties | |||
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Location is key! This gated entry property is located directly off Beltway 8 and minutes from major highways like I45. Even though it's close to Beltway 8, you would be surprised with how little noise you hear from road traffic. There is NO HOA, no neighbors behind, no neighbors across, and a vacant lot to the side. Concrete/Foundation has been poured, paid for, and permitted by the City of Houston for Residential Use. Permits are attached online for your guidance and review. I believe the home is currently zoned for residential use, but can also be zoned for commercial use. Buyer's please do your due diligence and make sure this lot works for you. It's easy to show, just reach out to your agent, if you do not have one then please call our office and we'd be happy to accommodate you. The seller has paid for designs on building a residential home with a big shop/garage. Those plans are available to pre-approved buyers upon request. Don't miss out, the location alone is worth having.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017