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$139,000

1116 E State Highway 276, West Tawakoni, TX, 75474

$139,617 ARVInfo
On MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths960 Sq Ft
OfficeOffice
price_per_sqft$134.38 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
FlooringCarpet, Laminate

Exterior

Lot Size5,401 sqft

Building Information

Year Built1980
Stories1
Roof Type105

Land Information

APN0102-A000-0030-58
SubdivisionBarrow Peter
Land UseResidential
Legal DescriptionA0102 BARROW PETER,TRACT A-3, ACRES .124
Census Tract961600
Assessment Year2025

About this property

Don't miss the opportunity to invest in this charming building. Currently being used as residential but is already zoned commercial by the city. This is a 2 bedroom 1 bath with a very spacious living room that all could easily be converted to offices. This is the perfect property to live in and have a small business. Make it your individual residence with no nosey neighbors or use your innovated ideas to utilize the home and location to your advantage. Highway 276 has a lot of traffic to get your business noticed. There are commercial buildings all up and down the highway. There truly are endless opportunities to utilize this home. So many possibilities to create a work space with all the convenience's and warmth of home if you choose to live there! Neighboring business's are a storage facility, bookkeeping business and church. The city park is literally just over your backyard fence. Enjoy some lake views from your backyard as well! Take your breaks from the long days and just walk over to the lake to end you day. There is a swimming area, playground, and close boat ramp. Deer Run Golf Course is just down the street. This would also make a great rental investment! Rent it out and just sit, wait and watch all the growth that will be happening in the upcoming years for the Lake Tawakoni area!

Investor Tools

$17,058Estimated Mortgage Balance
$120,942Estimated Equity
87% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$139,616
Rent-to-Value Ratio: 0.72%
Rent Estimate
$834 /month
Positive
Cash Flow Estimate:
$278 /month

Interested in this property?

Jody Crocker

1st Choice Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$92/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$412
$70,481
2025
N/A
N/A
$82,930
No

Tax History

Year
Tax Paid
Assessed Value
2024
$412
$70,481

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guy Hamm Etux
Seller Carryback / Seller Financing / Seller Take-Back
$30,000
No
First
Feb 17, 2009
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$17,058
$120,942
87%
12%
$180/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: West Tawakoni

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1116 E State Highway 276 | Property Details | No Agent List