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14515 Sommermeyer St
Houston, TX 77041
Asking Price
$874K
Asset Type
Land
Class
Class B
What's Special
Land | 1.06 acres <ul><li>Two parcels totaling ±1.06 Acres (can be sold separately)</li><li>14515 Sommermeyer St - ±0.6887 Acres</li><li>14517 Sommermeyer St - ±0.3673 Acres</li><li>±1,800 SF home/office conversion</li><li>Rectangle shaped lot with office in corner -ideal for industrial development</li><li>Located in the heart of the Northwest Houston Submarket</li><li>Two curb cuts along Sommermeyer St</li><li>Lot is mostly cleared with two paved driveways</li><li>Additional home (not included in total
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NOI
$80,000
Cap Rate
9.16%
DSCR
1.54
Strong
Cash-on-Cash
10.74%
Monthly Payment
$4,321.74
Annual Cash Flow
$28,139.121
