$ 625,000
2400 Lockwood DR Houston, TX 77020
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 625,000
Est. payment /mo
Price Dropped by $24K
2400 Lockwood DR Houston, TX 77020
0.64 Acres Lot
UPDATED:
10/07/2024 10:31 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Dimension 5 Holdings Lockwood
MLS Listing ID 92950527
Annual Tax Amount $9,274
Tax Year 2023
Lot Size 0.640 Acres
Acres 0.6404
Property Description
Discover the potential of 2400 Lockwood Dr, a prime 0.64-acre lot in Houston's dynamic Fifth Ward, perfect for your next construction or investment project. This sizable lot offers the versatility to be subdivided, making it ideal for multiple developments. Located in a rapidly developing area with easy access to downtown, this property is fully equipped with public utilities and ready for development. This buildable lot offering significant potential in sought-after, qualified Opportunity Zone (OZ). This OZ asset provides a unique investment opportunity for an OZ investor with exclusive tax benefits including deferred taxes until 2027 and a step-up in basis to maximize returns with no tax on OZ appreciation. For accurate guidance on tax benefits, it's recommended to consult with a qualified tax professional
Location
State TX
County Harris
Area Denver Harbor
Building
Lot Description Can Be Subdivided, Other, Subdivision
Lot Size Range 1/2 Up to 1 Acre
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Atherton Elementary School (Houston)
Middle Schools Mcreynolds Middle School
High Schools Wheatley High School
School District 27 - Houston
Others
Senior Community No
Restrictions Unknown/Verify
Tax ID 138-784-001-0001
Tax Rate 2.0148
Disclosures Sellers Disclosure
Special Listing Condition Sellers Disclosure
Listed by eXp Realty LLC