Residential Income Property For
2400 Mccue Road 218 Houston, TX 77056
2400 Mccue Road 218, Houston, TX, 77056
$195,000
For Sale
$195,000
Residential income property featuring 679 square feet.
Property Size679 SF
Price / SF$287.19
Days on Market554
Property Features for 2400 Mccue Road 218
General Information
- Standard status
- Active
- Size
- 679 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2001
Listing Agency
Sterling Real Estate
(713) 882-3653
Listed by
Denay Sanders · License #0432194
(713) 882-3653
Source
Exitrealty
Added: Jan 9, 2025 Checked: Jul 17 at 4:57 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sterling Real Estate
Investment Insights
Based on property information with market context.
This residential income property offers 679 square feet of space.
Key Highlights
- Residential income property
- 679 square feet of living space
- Built in 2001
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.9k | $21.96 |
| − Vacancy | −$924 | −$1.36 |
| EGI | $14.0k | $20.60 |
| − OpEx | −$6.3k | −$9.27 |
| NOI | $7.7k | $11.33 |
679 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$109.9K
$96.2K – $128.2K
NOI $7,693 @ 7.0% cap · market cap 3.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
2400 McCue Owners ...
Homeowners' Association
Mc Cue Residential ...
Apartment Building
Chip Key Programming
(Bike/Boat/Book/etc) Store
bkre
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Residential income property featuring 679 square feet.
Where is this residential income property located?
The property is located at 2400 Mccue Road 218 Houston, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Residential income property; 679 square feet of living space; Built in 2001
