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29428710
29428729

5037 Paula St, Houston, TX 77033 For Sale

KM
TX TX 719484
Myhan Realty
Listed by Myhan Realty
$215,000
176 days on market
Updated 22 days ago
Opportunity zone

Higgins Villas 4 LOTS with Plans & Permits

Details
Property Type Land
Sub Type Residential
Acreage 10454.000

Turnkey Infill Development | 4 Replatted Lots | Permits in Hand | Opportunity Zone

Marketing description

Rare, shovel-ready builder opportunity featuring four replatted lots in a fast-growing infill pocket near Loop 610, just minutes from Downtown Houston, the Medical Center, and the University of Houston. Surrounded by active new construction, this project is fully de-risked with completed replat, survey, soil test, plan & profile, civil, architectural, and structural plans, plus approved City of Houston permits. Public utilities are already in place, allowing construction to start immediately.

The approved concept allows for four modern two-story homes (approximately 1,834–1,844 SF, 3 bedrooms, 2.5 baths, front-loading garages), with flexibility to customize or build on individual lots. Located within an Opportunity Zone, offering potential tax advantages for investors. This is a true turnkey infill project with strong upside in a high-demand submarket.

🎥 Video: https://youtu.be/ZKUxnpzNiic?si=TOFoTV1oeC24Fnr
📁 Google Drive (plans, permits & full due diligence): https://drive.google.com/drive/folders/1RDWAEu5LEqOIa3RdLsAF1nmw6MuJz0yu?usp=drive_link

Submit your offer today—opportunities like this rarely come fully entitled and ready to build.

Investment highlights

Investment Highlights

Major Price Reduction: Reduced from $280,000 to $215,000, creating a more attractive basis for builders and investors.

Motivated Seller: Seller says bring all offers and is ready to move forward.

Ready to Close: Transaction can close at Stratos Title, helping streamline the process.

Shovel-Ready Development: Four replatted lots with key due diligence already completed, including survey, soil test, plan & profile, civil, architectural, and structural plans.

Approved City of Houston Permits: Permits are already approved, saving the buyer significant time, cost, and entitlement risk.

Public Utilities in Place: Existing public utilities help reduce development uncertainty and speed up the build timeline.

Four-Home Builder Opportunity: Designed for four modern two-story homes, approx. 1,834–1,844 SF, with 3 bedrooms, 2.5 bathrooms, and front-loading garages.

Prime Infill Location: Near 610, minutes from Downtown Houston, the Texas Medical Center, and the University of Houston.

Surrounded by New Construction: Located in a rapidly developing area with nearby new-build activity supporting resale potential.

Opportunity Zone Location: Potential tax advantages may be available for qualified investors.

Flexible Exit Strategy: Buyer can build all four homes, customize individual lots, sell lots separately, or hold for future appreciation.

Turnkey Due Diligence Package: Replat and supporting documents are available, with full Google Drive access upon request.

Listing Contacts

KM
TX TX 719484
Myhan Realty
Listed by Myhan Realty

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Additional Information

Name
Kate Myhan
License
TX 719484
Brokerage
JPAR-The Sears Group
Brokerage Phone
713-855-0588
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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