$49,900 Last Listed Price
●
Land -
Off Market
906 2nd Street
Palacios, TX 77465
Studio
0 Bath
$376
Est. Monthly
About This Property
Discover a remarkable opportunity in the heart of Palacios with
this expansive property comprising two lots totaling 161 by 190
feet, conveniently nestled within the city limits. Situated
directly opposite Eastside Elementary School, this prime location
offers unparalleled convenience for families seeking proximity to
education facilities. Boasting city amenities, including access to
utilities and services, this property presents versatile potential
for various endeavors. Whether you envision building your dream
home, developing rental properties, or embarking on a business
venture, the abundant space and strategic location make this
property an exceptional investment opportunity. Don't miss the
chance to seize this rare offering in a highly desirable locale.
Contact us today for further details and to arrange a viewing.
Unit Size
-
Days on Market
-
Land Size
0.70 acres
Price per sqft
-
Property Type
Land
Property Taxes
$130
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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: 5 months ago (HAR #16484204)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jul 21, 2024 | In contract | - | |
| In contract | |||
| Jul 27, 2023 | Listed by Coldwell Banker Realty - Houston Bay Area | $49,900 | |
| Listed by Coldwell Banker Realty - Houston Bay Area | |||
| | |||
|
Discover a remarkable opportunity in the heart of Palacios with this expansive property comprising two lots totaling 161 by 190 feet, conveniently nestled within the city limits. Situated directly opposite Eastside Elementary School, this prime location offers unparalleled convenience for families seeking proximity to education facilities. Boasting city amenities, including access to utilities and services, this property presents versatile potential for various endeavors. Whether you envision building your dream home, developing rental properties, or embarking on a business venture, the abundant space and strategic location make this property an exceptional investment opportunity. Don't miss the chance to seize this rare offering in a highly desirable locale. Contact us today for further details and to arrange a viewing.
| |||
Property Highlights
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Palacios
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Listed by: Ronald Linton, Coldwell Banker Realty - Houston Bay Area
Last Updated: 5 months ago
Data Source: HAR , MLS# 16484204
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Last Updated: 5 months ago
Data Source: HAR , MLS# 16484204
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