$1,950,000
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7530 Canal Street Houston, TX 77012
0.93 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Magnolia Park
MLS Listing ID 81304759
Sold Date 08/24/17
Tax Year 2016
Lot Size 0.933 Acres
Acres 0.9326
Property Description
Multiple offers**** BEING SOLD AS IS** Lot size; 40,625 sq.ft-per survey** Great location in the EAST END! This area has a lot of development potential! Generating good cash flow-currently grossing over $19,600/MTH with 10 vacancies! Only two SEC 8 units @ $800/month, remaining 2 bedroom units (NON SEC 8) rent between $500 to $650/MTH** There is an opportunity to capture an additional $8000/MTH bringing the projected monthly gross to $27,600+** Separate metered** Recent roof* LOI Required**
Location
State TX
County Harris
Area East End Revitalized
Direction 45
Building
Lot Description Can Be Subdivided
Lot Size Range 3/4 Up to 1 Acre
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools De Zavala Elementary School (Houston)
Middle Schools Edison Middle School
High Schools Milby High School
School District 27 - Houston
Others
Restrictions Deed Restrictions
Tax ID 025-139-000-0029
Acceptable Financing Conventional
Tax Rate 2.67856
Disclosures No Disclosures
Listing Terms Conventional
Financing Cash Sale,Conventional
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Bought with Gold Quest Realty - Galleria
Nicholas Chambers
Global Real Estate Advisor & Territory Manager | License ID: 600030
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