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    1919 Avenue L 1/2 Huntsville, TX 77340

    Sponsored
    For Sale
    $775,000

    Five homes, prime location, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses a portfolio of five single-family homes situated on a 0.97-acre lot in Huntsville, Texas, near Sam Houston State University. Priced at $775,000 ($155,000 per unit), this property offers immediate cash flow from its existing rental income. The portfolio benefits from its proximity to Sam Houston State University, one of Texas' fastest-growing colleges, ensuring consistent tenant demand. The location also provides easy access to retail, restaurants, and parks, further enhancing its appeal. An additional undeveloped lot presents a significant opportunity for expansion, allowing for increased rental income or individual property sales. The property boasts city utilities, including 6-inch sewer lines along both street frontages and a 12-inch water line on 20th Street, as well as a 6-inch line on Ave L 1/2. The current zoning permits multiple uses, providing flexibility for future development. Within a 5-mile radius, the area boasts a total population exceeding 51,000 and a daytime population exceeding 48,000, reflecting a robust and growing market. Average household income within this radius surpasses $65,000, indicating strong rental potential. This is a rare chance to acquire a well-positioned, income-generating property with substantial growth potential in a thriving Texas market. Don't miss this chance to capitalize on this lucrative investment.

    Property Features for 1919 Avenue L 1/2

    General Information

    Property type
    Multifamily properties
    Lot Size
    42,253 SF

    Building Details

    Units
    5
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Walker
    State
    Texas
    Longitude
    -95.5524237
    Latitude
    30.7134136

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    FAQs

    What type of property is this?
    Multifamily property - Five homes, prime location, high ROI.
    Where is this multifamily property located?
    The property is located at 1919 Avenue L 1/2 Huntsville, TX.
    What is the asking price?
    The asking price for this property is $775,000.
    Request Owner's contact information
    1919 Avenue L 1/2 Huntsville, TX 77340
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1919 Avenue L 1/2 Huntsville, TX 77340
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