5129 Reed Road

Houston, TX 77033
$199,999

Description

Here's your chance to own a cleared lot that has already been re-platted into 2 separate lots ready for construction. These lots are unrestricted in use and will not violate deed restrictions with multi-unit development. Given the City of Houston's new Livable Places Ordinance the highest and best use calls for construction of multiple multi-unit dwellings (duplex, triplex, fourplex). This current replat design has been executed multiple times in the same neighborhood on similar size lot with improved new construction valued into $1M+ with multiple duplexes. Building multiple triplexes or fourplexes will allow for $1.4M+ improvement values. A recently completed survey is available, as well as Harris County recorded replat mylars. Sellers also have recently completed new construction appraisals available to share for prospective buyers.

  • Property Details
    • Property
      • Lot description:Subdivision, 1/4 Up to 1/2 Acre, Cleared
    • Measurements
      • Acres:0.2893
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Natural Gas Available, Cable Available, Electricity Available
  • Community and Neighborhood Details
    • Community
      • Subdivision:Melissa Grace Gardens
    • Location
      • School district:27 - Houston
      • Elementary School:WOODSON ELEMENTARY SCHOOL
      • Middle School:Thomas Middle School
      • High School:WORTHING HIGH SCHOOL
      • County:Harris
  • Financial Details
    • Pricing Details
      • Taxes annual:$1, 329
  • Other
    • Source
      • MLS #:55439164

Location

Mike TijerinaReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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