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$75,000

107 E Main St, Rio Grande City, TX, 78582

$89,611 ARVInfo
PendingInfo
Beds2 Beds
Baths1 Bath
Baths1,062 Sq Ft
price_per_sqft$70.62 / sqft
Year BuiltBuilt in 1957

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
AppliancesWater Heater
FlooringNone, Other

Exterior

Exterior FeaturesNone, Other
Lot Size2,396 sqft

Land Information

APN145000040001200000000
Lot Number12
Land UseResidential
Legal DescriptionW/2 OF LOT 12 BLK 4RIO GRANDE CITY OT6000-0410-01
Census Tract950602
Assessed Land Value$5,990
Assessed Improvement Value$28,100
Assessment Year2024

About this property

Prime Commercial Opportunity in Downtown Rio Grande City! Unlock the potential of this high-visibility property in the heart of Rio Grande City, TX. Situated on a valuable downtown lot, this property offers outstanding potential for commercial development, redevelopment, or investment. The existing home has been vacant for several years and is being offered primarily for its land value, making it an ideal opportunity for investors, developers, or business owners looking to establish a presence in a growing area. Its prime central location provides excellent access to local businesses, government offices, shopping, dining, and major thoroughfares. Whether you're planning to build office space, retail, professional services, or another commercial venture, this property offers the location and flexibility to bring your vision to life. Rare downtown investment opportunities like this are hard to find—schedule your private tour today and explore the possibilities!

Investor Tools

$0Estimated Mortgage Balance
$103,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$89,611
Rent-to-Value Ratio: 0.72%
Rent Estimate
$618 /month
Positive
Cash Flow Estimate:
$206 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$67/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$293
$34,090
2024
$5,990
$28,100
$34,090
No

Tax History

Year
Tax Paid
Assessed Value
2022
$293
$34,090

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$99,000
100%
0%
$0/mo

City: Rio Grande City

107 E Main St | Property Details | No Agent List