$85,000 Last Listed Price
●
Land -
Off Market
902 Avenue N
South Houston, TX 77587
Studio
0 Bath
$99,454
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
This prime piece of real estate is in a beautiful location
for anyone who is looking to build their dream home within minutes
to mayor freeways I-45 and beltway 8. Its surrounded by a variety
of restaurants and shopping centers. Walking distance to highly
rated Pear Hall Elementary. Close to the Hobby airport. This is a
good opportunity for investors as well since there is a lot of
activity in this subdivision including new constructions and
renovated homes. Also per the city of south Houston, this is one of
the very few lots that you can build a duplex or garage apartment
(R2 zone). Property is in Flood Zone-X so property does not
flood.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$115
HOA Dues
-
Year Built
1987
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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 #23995178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 17, 2022 | Sold | ||
| Sold | |||
| Oct 6, 2022 | Listed by Vive Realty LLC | $109,999 | |
| Listed by Vive Realty LLC | |||
| | |||
|
Gorgeous Corner lot in an excellent location and walking distance to Pear Hall Elementary. A unique opportunity to build your custom dream home. No HOA! Easy access to shopping centers, hobby airport and major freeways. No flood zone!
| |||
| Jun 25, 2021 | Sold | ||
| Sold | |||
| Jun 11, 2021 | Listed by Hampton Realty Group | $85,000 | |
| Listed by Hampton Realty Group | |||
| | |||
|
This prime piece of real estate is in a beautiful location for anyone who is looking to build their dream home within minutes to mayor freeways I-45 and beltway 8. Its surrounded by a variety of restaurants and shopping centers. Walking distance to highly rated Pear Hall Elementary. Close to the Hobby airport. This is a good opportunity for investors as well since there is a lot of activity in this subdivision including new constructions and renovated homes. Also per the city of south Houston, this is one of the very few lots that you can build a duplex or garage apartment (R2 zone). Property is in Flood Zone-X so property does not flood.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Houston
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Listed by: Michael Holmes, Hampton Realty Group
Last Updated: 4 months ago
Data Source: HAR , MLS# 23995178
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Last Updated: 4 months ago
Data Source: HAR , MLS# 23995178
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