5129 Reed RD Active Save Request In-Person Tour Request Virtual Tour
Houston,TX 77033
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Melissa Grace Gardens
MLS Listing ID 55439164
Annual Tax Amount $1,329
Tax Year 2023
Lot Size 0.289 Acres
Property Description
Here's your chance to own a cleared lot that has already been re-platted into 2 separate lots ready for construction. These lots are unrestricted in use and will not violate deed restrictions with multi-unit development. Given the City of Houston's new Livable Places Ordinance the highest and best use calls for construction of multiple multi-unit dwellings (duplex, triplex, fourplex). This current replat design has been executed multiple times in the same neighborhood on similar size lot with improved new construction valued into $1M+ with multiple duplexes. Building multiple triplexes or fourplexes will allow for $1.4M+ improvement values. A recently completed survey is available, as well as Harris County recorded replat mylars. Sellers also have recently completed new construction appraisals available to share for prospective buyers.
Location
State TX
County Harris
Area Medical Center South
Building
Lot Description Subdivision
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Woodson Elementary School
Middle Schools Thomas Middle School
High Schools Worthing High School
School District 27 - Houston
Others
Special Listing Condition No Disclosures