118 Van Molan Street, Houston, TX 77022

$165,000 Asking Price

2 beds
1 bath
1,088  sqft
Built in 1940

7,500 sq ft lot ready for development. Measures 50' wide x 150' deep. Currently has a 1,088 sq ft house with 9-10' ceilings. Great investment play with multiple exit strategies very near the Fulton MetroRail line. 1)Can remodel the main home and keep as a rental. 2)Subdivide the land and keep the house on 1 lot and build another home at the rear. 3)Create a duplex with the existing structure by adding a 2nd new construction unit to the back. 4)Or you can tear down and replat this lot into 3-4 lots. Please verify all options with your architect and general contractor. Property was last rented in 2021, has been vacant and without utilities since then. Please drive by and walk the exterior.

Features & Amenities

Interior

A/C:
false, None
Heating:
false, None

Exterior

Style:
Traditional

Construction

Roofing:
Composition
General:
Wood Siding, 1, Block & Beam

Location

Originating MLS:
Houston Association of Realtors
School District:
27 - Houston
County:
Harris

Lot

Zoning:
LT 194 BLK 5 CARRINGTON PLACE, 0690250050194

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Houston Association of Realtors

This listing courtesy of:
Compean Group, Evan Compean

About Houston, TX

Housing

Number of Units
1,285,926
Median Home Value
$256,493
Median Rent
$1,020

52.67% of housing units are renter occupied.

8.97% are vacant.

Commute

Car
74.05%
Public Transportation
2.63%
Walk to Work
1.38%
Work from Home
20.26%
Other
1.35%

The median travel time to work is 25 minutes.

People

Population
3,195,460
Median Age
35.60
Median Household Size
2.89

Education

High School
23.45%
Associate’s Degree
6.44%
Bachelor’s Degree
20.00%
Graduate Degree
12.33%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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