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$656,832

NAL Estimated Property Value

1103 S Armstrong Avenue, Denison, TX, 75020

Off MarketInfo
CommercialInfo
Baths5,786 Sq Ft
Mixed UseMixed Use
price_per_sqft$129.62 / sqft
Year BuiltBuilt in 1946

Highlights

Interior

FlooringVinyl

Exterior

Lot Size30,000 sqft

Building Information

Year Built1950

Land Information

APND031 3052267
Lot Number1-4
SubdivisionDumas J P Addn
Land UseResidential
Legal DescriptionDUMAS J P ADDN, BLOCK 28, LOT 1 THRU 4, ACRES .6887
Census Tract000700
Assessed Land Value$81,000
Assessed Improvement Value$656,300
Assessment Year2025

About this property

Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!

Investor Tools

Property Icon
$656,832
Estimated Property Value
$785,684Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,717
$656,832
2025
$81,000
$656,300
$737,300
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$12,717
$656,832

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A8 Investments Llc
Stand Alone Second / Subordinate Position
$280,000
No
First
Jun 30, 2023
Apr 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$785,684
N/A
0%
120%
$4,977/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.

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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: Denison

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1103 S Armstrong Avenue | Property Details | No Agent List