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$550,000

2109 Semmes Street, Houston, TX, 77026

On MarketInfo

About this property

Located in a designated Opportunity Zone, this flexible infill property offers strong potential for residential or light industrial/warehouse development, subject to buyer verification. The assemblage includes 6 lots with potential for up to 10 single-family homes. It may also be purchased with nearby 2203 Semmens St, which includes 6 additional lots, creating an opportunity for a small residential community or industrial park. Buyer to verify zoning, permits, platting, utilities, density, access, and site requirements. Approximately 7 minutes from Downtown Houston and 3 minutes from Saint Arnold Brewing Co. and Hardy Yards, the area continues to benefit from redevelopment and mixed-use growth. A nearby rail crossing is in a designated No Honk Zone, an added benefit for residential use. Property is outside the flood zone. Survey attached. Option to acquire 100,000+ SF on the block. Buyer to independently verify all information.

Investor Tools

$0Estimated Mortgage Balance
$550,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Kate Myhan

Katarzyna Myhan, Broker

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Financing Details

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

City: Houston

2109 Semmes Street | Property Details | No Agent List