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$203,750

NAL Estimated Property Value

112 71st St, Houston, TX, 77011

Off MarketInfo
CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size16,300 sqft

Land Information

APN0250750000001
SubdivisionMagnolia Park
Land UseCommercial
Legal DescriptionTRS 1 & 2 BLK 15 MAGNOLIA PARK
Census Tract310900
Assessed Land Value$203,750
Assessment Year2024

About this property

Unrestricted lot in the heart of EADO with 164 ft of frontage; Ideal for a restaurant, drive through eatery, smoke shop, liquor store, bar, night club or a pawn shop. The area is experiencing rapid development with residential builders and flippers constructing homes at a rapid pace. Located across the street from PNC bank, beside a successful restaurant and within close vicinity of the greyhound bus station, this lot is ideally situated for your next commercial venture. The greyhound bus station is used by a lot of people from all walks of life and the Sherwin Williams Commercial store attracts a lot of construction workers to the area, making this property prime for a business that needs a diverse clientele or a potential eatery for passers by. Optionally it could hold at least 8 townhomes with shared driveway in the middle. Attached plans showing how to allocate 7 single family homes.

Investor Tools

Property Icon
$203,750
Estimated Property Value
$0Estimated Mortgage Balance
$203,750Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,105
$203,750
2024
$203,750
N/A
$203,750
No

Tax History

Year
Tax Paid
Assessed Value
2023
$4,105
$203,750

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$203,750
100%
0%
$0/mo

City: Houston

112 71st St | Property Details | No Agent List