Exciting development project located in Houston, TX 77018, that is fully ready for completion. Below are the key details:

Project Status:
The development is shovel-ready, with all necessary permits, utilities, and entitlements in place. The underground infrastructure, including sewage, water, and electricity, has already been completed and is connected to the property. A CMU wall has also been built around the property.

Unit Breakdown:

- 23 units at 1,751 sqft
- 17 units at 1,557 sqft
Total Units: 50 (10 units are already built, with 40 lots for sale)
HOA: Completed and paid for under a 1-year contract.


Financials:

- Price for 40 lots: $4,400,000
- Price for 10 built units: $2,600,000
- Price per Lot: $110,000
- Estimated Sales Price for Units: $360,000-$390,000


Competitive Market Pricing:

- 1614 Noble St, Houston, TX 77026: Units listed at $419K each
- 1023 Upside Wheatley Ln, Houston, TX 77091: Units priced at $349K each
- 4120 Bluegrass St, Houston, TX 77018: Units priced near $484,900 each (just 2 miles away from 4924 Yale St)


Why This Property Stands Out:

- Prime Location: Situated in a rapidly appreciating area, surrounded by high-value neighborhoods like River Oaks and Tanglewood, where properties are valued at $5M+.
- Shovel-Ready Status: With all infrastructure and entitlements in place, the property is ready for immediate construction.
- Strong Income Potential: Units in comparable developments are commanding prices between $349K and $484K, with 50 total units available.



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