$1,625,000
For Sale

4615 Sherman

Houston, TX 77011
Type:Purchase
Structure:Land
Zone:Residential

Description

This is an rare opportunity to acquire a large parcel of land in the rapidly changing East End. Hard corner lot. This sale consists of 1 parcel of 27,000 and 1 other contiguous parcel of 6,500 sq. ft. with a rented residence. Idealy like to sell together but would sell 27,000 sq ft by itself. The main building on Sherman is rented out with leases expiring in about 1 year. Lockwood property currently vacant as of Sept 15. Was used as 2 bd, 1 1/2 bath residential workshop. You can keep the buildings rented while you plan for redevelopment. This is currently priced below what other deals are getting done in the East End (EADO). Only 2.5 miles from the 169acre East River Project development by Midway. City infrastructure being updated on the street. New housing being built all around. One block to the Hike and Bike trail. Purchase both parcels on Sherman and Lockwood for additional Pricing Enhancements. The RED OUTLINE in the picture shows both properties together.

  • Property Details
      • Lot DescriptionCan Be Subdivided, Corner Lot, Level, Open Lot, Other, 1/2 Up to 1 Acre, Curbs & Gutters, Other Lot Improvements, Sidewalks
    • Measurements
      • Acres0.62
  • Construction Details
      • Property TypePurchase
  • Utilities / Energy Details
      • Utility FeaturesNatural Gas Available, Cable Available, Electricity Available
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • SubdivisionOak Lawn
    • Location
      • Elementary SchoolBURNET ELEMENTARY SCHOOL (HOUSTON)
      • Middle SchoolNavarro Middle School (Houston)
      • High SchoolAUSTIN HIGH SCHOOL (HOUSTON)
      • School District27 - Houston
      • CountyHarris
  • Other
      • MLS #45312626

Location

Optima RealtyReal 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
$0.00
Loan Amount
$0.00

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