The property is a single family home located in a desirable urban pocket of Houston, TX (Montrose), but the street and sidewalks are currently absolute dog shit and have been for a very long time. Here is what it currently looks like: https://ibb.co/HpVBR7wL
A new $9M project is kicking off next week to repave the streets and widen the sidewalks. It’ll definitely be a construction nightmare, but luckily I just signed a new tenant last month.
All else equal, what kind of property appreciation can I expect once the city finally repaves my street (and all the street around it within 3 blocks)?
byu/htownnwoth inrealestateinvesting
Posted by htownnwoth
1 Comment
I don’t think anyone could give you a number that isn’t a guess unless they also had the same thing happen to their property in Houston. Even then, every property is different.
If I had to guess, I would say at least 9mil divided by the number of houses in the area. That would probably be the minimum