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Days60Days on Market
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$499,900

1108 Schooley Street, Port Lavaca, TX, 77979

On MarketInfo
Baths0 Bath
Baths4,252 Sq Ft
ApartmentApartment
price_per_sqft$117.57 / sqft
Year BuiltBuilt in 1970

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size4,874 sqft

Building Information

Year Built1970

Land Information

APN19919
Land UseResidential
Legal DescriptionBONORDEN (PORT LAVACA), BLOCK 15, LOT PT 5
Census Tract000402
Assessed Land Value$10,000
Assessed Improvement Value$171,850
Assessment Year2025

About this property

Excellent investment opportunity with this six-unit apartment complex offering strong income potential. The property consists of four 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, providing a desirable mix for tenant demand. Several units are currently under construction, presenting a great value-add opportunity for the right investor to complete finishes and maximize rental income. Ideally located just minutes from the Formosa plant, this property is positioned in a high-demand rental area, making it attractive for workforce housing. With upside potential and a prime location, this multi-unit property is a great opportunity to expand or start your investment portfolio.

Investor Tools

Property Icon
$181,850
Estimated Property Value
$0Estimated Mortgage Balance
$181,850Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$409/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,000
$181,850
2025
$10,000
$171,850
$181,850
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,000
$181,850

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$181,850
100%
0%
$0/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: Port Lavaca

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1108 Schooley Street | Property Details | No Agent List