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$1,390,000

NAL Estimated Property Value

208, 216, 218 E Burress Street, Houston, TX, 77022

Off MarketInfo

Property Lead Type:

Off-Market ListMove-In Ready

About this property

3 lots in booming independence heights are being sold together with a total frontage of 259 ft and depth of 336 ft for a total of 2 acres, ideal for building 3-4 rows of townhomes. Lots of new construction in the area within a 1 mile radius that are selling for $320-450k with values continuing to rise. Properties have 3 houses on them currently with long term tenants that have month to month leases, have good elevation and are higher than the Base Flood Elevation (Elevation certificate from 2 houses available). Lots have direct thoroughfare to I45 and are close to 610, Yale St and Crosstimbers. Boundary surveys for the 3 properties are available and topo survey is being made available soon. Drive by only. The house numbered 206 E Burress sits on 208 E Burress lot. One can walk the lots only with an accepted contract.

Investor Tools

Property Icon
$1,390,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,390,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,340 /month
Positive
Cash Flow Estimate:
$2,780 /month

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Financing Details

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

City: Houston

208, 216,218 E Burress Street | Property Details | No Agent List