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$350,000

106 Spring School Road, TX, 77373

On MarketInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,041 Sq Ft
Multi FamilyMulti Family
price_per_sqft$171.48 / sqft
Year BuiltBuilt in 1930

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher
FlooringWood

Exterior

Lot Size6,752 sqft

Building Information

Year Built1930

Land Information

APN0450100010040
Lot Number8
SubdivisionKelly Addn U/R
Land UseResidential
Legal DescriptionLT 8 BLK 9 KELLY ADDN U/R ABST 706 W S SMITH
Census Tract241301
Assessed Land Value$54,016
Assessed Improvement Value$263,606
Assessment Year2025

About this property

Rare opportunity in the heart of Old Town Spring! This one-of-a-kind commercial property oversized workshop, offering incredible potential for both residential or commercial use. The main home is a beautifully updated 2 bed, 1 bath featuring 872 sq ft, a new metal roof, new HVAC system, quartz countertops, stainless steel appliances, and LED recessed lighting. The metal building, completed in 2024, provides ample space for a workshop, business operations, or storage. Situated in a desirable location, walking distance to shopping and the newest Michelin Star restaurant, this is one property you don’t want to miss out on!

Investor Tools

Property Icon
$396,000
Estimated Property Value
$0Estimated Mortgage Balance
$379,738Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,376 /month
Positive
Cash Flow Estimate:
$792 /month

Interested in this property?

Steven Franco

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,676
$317,622
2025
$54,016
$263,606
$317,622
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,676
$317,622

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phillips Hernandez
Commercial
$20,000
No
First
May 23, 2017
Jun 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$16,262
$379,738
95%
4%
$120/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Spring

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106 Spring School Road | Property Details | No Agent List