Houston, TX 77012,7530 Canal Street

$1,950,000

Est.Price: ?

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Est. payment /mo

0.93 Acres Lot


SOLD DATE : 08/24/2017

Key Details

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Magnolia Park

MLS Listing ID 81304759

Tax Year 2016

Lot Size 0.933 Acres

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

Building

Lot Description Can Be Subdivided

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

Acceptable Financing Conventional

Listing Terms Conventional

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Houston Association of Realtors (HAR MLS)
Listed by Carlos Garcia Realty
Bought with Gold Quest Realty - Galleria
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+1(713) 213-2642

alex@velascoproperties.com

7915 FM 1960 Rd W, Houston, TX, 77070, United States

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