101611 . 9 Home SFR & Land Hitchcock, TX

101611 . 9 Home SFR & Land Hitchcock, TX, Hitchcock, TX 77563

  • For Sale $1,462,810
  • Property Type Multi-Family
  • Property Size 6,968 SF
  • Units 9
  • Lot Size 0.17 Acre
  • Additional Rent Contact for pricing
  • Year Built 1949
  • Date Updated Jul 27, 2024
Hitchcock, Texas, a charming city in Galveston County, offers a unique blend of small-town charm and proximity to the bustling Houston metropolitan area. With a population of around 7,800 residents, Hitchcock is part of the larger Houston-The Woodlands-Sugar Land metropolitan area, providing residents with access to a wide range of amenities while maintaining a tight-knit community feel. Hitchcock's economy is primarily driven by a combination of local businesses, agriculture, and proximity to larger economic centers like Galveston and Houston. The city's location near the Gulf Coast provides opportunities in sectors such as shipping, fishing, and tourism. Additionally, many residents commute to nearby cities for employment, benefiting from the economic opportunities provided by the expansive Houston metropolitan area. Local businesses, including retail shops, restaurants, and service providers, contribute significantly to the local economy, fostering a sense of community and local pride. In recent years, Hitchcock has experienced steady growth and development. The city's strategic location along major highways, including State Highway 6 and Interstate 45, has made it an attractive location for new residential and commercial developments. Efforts to modernize infrastructure and improve public services have been a focal point for city officials. New housing developments and commercial projects are contributing to the city's expansion, providing more amenities and services to residents. Additionally, the city has been working on enhancing public spaces, parks, and recreational facilities to improve the quality of life for its residents. Education in Hitchcock is served by the Hitchcock Independent School District (HISD), which operates several schools within the city. The district is committed to providing quality education to its students, with a focus on academic excellence and extracurricular opportunities. Hitchcock High School, Crosby Middle School, and Stewart Elementary School are among the key educational institutions in the area. HISD is dedicated to creating a supportive and enriching environment for students, preparing them for higher education and future careers. Additionally, the city's proximity to Galveston and Houston provides residents with access to numerous higher education institutions, including the University of Texas Medical Branch (UTMB) in Galveston and various colleges and universities in Houston. Tourism in Hitchcock benefits from its close proximity to popular destinations like Galveston Island and the Gulf Coast. The city's location makes it a convenient base for visitors exploring the area's beaches, historic sites, and recreational activities. Local attractions include the Highland Bayou Park, which offers fishing, boating, and picnicking opportunities, and the annual Good Ole Days Festival, which celebrates the city's heritage with live music, food, and family-friendly activities. Hitchcock's small-town charm, combined with easy access to nearby tourist destinations, makes it an appealing spot for visitors seeking a relaxing and enjoyable experience. In conclusion, Hitchcock, Texas, is a growing community with a diverse economy, ongoing development, quality educational opportunities, and appealing tourist attractions. Its strategic location and commitment to enhancing the quality of life for residents make it a promising city for both current and future generations.

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Highlights

  • 7.2 acres is unimproved with high visibility ready for development
  • All homes are single-family detached
  • The SFR asset mix consists of five 2-bedroom and four 3-bedroom homes
  • Portfolio is self-managed
  • Average home size of 774 square feet
  • 7.2 acres is perfect for retail, RV park or BFR opportunity
  • The average asking price for the homes of $135,000 is well below Hitchcock’s median home sale price of $250k
  • Homes are 100% leased to fully vetted tenants minimal deferred maintenance and NEW individual city water lines
  • Significant CapEx deployed throughout the Portfolio
  • Stabilized Year 1 Net Cap Rate of 7.49%
  • Stabilized Year 1 Annual Gross Yield of 11.53%
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Contacts

broker

Tim Orscheln

SVN | SFRhub Marketplace

Location

Getting Around

  • Bike Score ®

    25/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Hitchcock, TX
  • Zip Code 77563
  • Market Houston

Points of Interest

  • Shell

    5.32 miles

  • Valero

    5.41 miles

  • Valero

    6.37 miles

  • Valero

    6.87 miles

  • Murphy USA

    7.21 miles

  • Sam's Club

    7.30 miles

  • Valero

    8.15 miles

  • H-E-B Fuel

    8.52 miles

  • ChargePoint

    8.75 miles

  • Chevron

    9.03 miles

  • Best Western

    7.33 miles

  • Comfort Inn & Suites

    7.36 miles

  • Holiday Inn Express & Suites

    7.44 miles

  • Quality Inn

    7.46 miles

  • La Quinta Inn & Suites by Wyndham-Texas City I-45

    7.51 miles

  • Comfort Inn & Suites Texas City

    8.02 miles

  • Americas Best Value Inn

    8.33 miles

  • Candlewood Suites

    8.79 miles

  • SpringHill Suites Marriott

    8.85 miles

  • GALVESTON BEACH RESORT

    9.97 miles

  • McDonald's

    5.38 miles

  • El Valle Cafe

    5.47 miles

  • Bayou Bistro and Bar

    6.40 miles

  • Whataburger

    7.02 miles

  • IHOP

    7.15 miles

  • Popeyes

    7.17 miles

  • Linna Donuts

    7.17 miles

  • Gringo's Mexican Kitchen

    7.21 miles

  • Olive Garden

    7.22 miles

  • Panda Express

    7.23 miles

  • Crosby High School

    3.32 miles

  • Stewart School

    3.39 miles

  • Hitchcock High School

    3.43 miles

  • Hitchcock Special Education School

    3.45 miles

  • Crosby Middle School

    3.48 miles

  • Galveston County Juvenile Justice Alternative Education Program

    3.61 miles

  • Our Lady of Lourdes School

    4.25 miles

  • Kids First Head Start School

    4.44 miles

  • La Marque High School

    5.68 miles

  • Saint Michael's Episcopal School

    5.72 miles

  • Hitchcock Childcare

    3.66 miles

  • Busy Body's Child Care

    6.08 miles

Frequently Asked Questions

How much does 101611 . 9 Home SFR & Land Hitchcock, TX cost?

The space currently listed for sale at 101611 . 9 Home SFR & Land Hitchcock, TX asks for $1,462,810.

What is the total square footage of 101611 . 9 Home SFR & Land Hitchcock, TX?

101611 . 9 Home SFR & Land Hitchcock, TX totals 6,968 square feet.

When was this property built?

101611 . 9 Home SFR & Land Hitchcock, TX was built in 1949.

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Contact Listing Broker

broker

Tim Orscheln

SVN | SFRhub Marketplace