FSBO
FSBO - For Sale
$245,000
For Sale by Owner
Listed 2 months ago
Land for Sale in Houston, TX
5009 Reed Rd, Houston, TX 77033
PropSlick Verified Data
Key facts & insights for this exact address
$3,481
Property Tax / yr
12,602 sf
Lot Size
Harris
County
Key Facts
Property TypeLand
Lot Size12,602 sq ft
Annual Property Tax$3,481
Property Description
Rare opportunity to acquire a shovel-ready multifamily development site in a rapidly growing Houston submarket.This is a fully entitled 12-unit project with approvals and key pre-development work already completed, allowing a buyer to begin construction Now!The approved plans feature a 3-story apartment building consisting of 6 one-bedroom/one-bath units and 6 two-bedroom/two-bath units, designed with efficient layouts and strong rental appeal. Each unit includes a private balcony, and the project incorporates on-site storage units, creating additional income potential.The sale includes the development lot, approved architectural plans, completed geotechnical report, and partial impact fees already paid, significantly reducing timeline, risk, and upfront soft costs.This project can be executed as affordable housing for stable occupancy or upgraded to capture top market rents. Ideal for developers looking to fast-track a multifamily build in Houston.Buy today and start building tomorrow
Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.
Amenities and Features
Balcony/Deck
Property Location
Map shows approximate location. Exact address provided to serious inquirers upon contact.
Property Research
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