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$127,500

1118 W Main Street, Gatesville, TX, 76528

$165,750 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,256 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$101.51 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOther

Exterior

Lot Size1.35 acres

Building Information

Year Built1946
Garage Spaces1

Land Information

APN1-09-45-0000
Lot Number5
SubdivisionWestview Addn Gv
Land UseResidential
Legal DescriptionWESTVIEW ADDN GV, BLOCK 5, LOT 5, ACRES 1.35
Census Tract010300
Assessed Land Value$20,000
Assessed Improvement Value$100,920
Assessment Year2025

About this property

Offered as-is, this two parcel property is a rare opportunity for full renovation or custom redevelopment. Can be residential or commercial. The 1946 home needs significant work, but the value lies in the 2.2-acre lot and existing infrastructure. Outbuildings include a detached workshop with RV or boat awning and a detached single-car garage (under 25 years old), ideal for contractors or hobbyists. The 1946 residence is a true fixer--perfect for a full remodel or a new build using the existing footprint. The 2.2 level acres offer privacy, flexibility, and no HOA--ideal for equipment storage, RV or boat parking, or future expansion. Priced for its current condition; best suited for cash or renovation financing.

Investor Tools

$0Estimated Mortgage Balance
$159,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$165,750
Rent-to-Value Ratio: 0.72%
Rent Estimate
$954 /month
Positive
Cash Flow Estimate:
$318 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$91/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$300
$120,920
2025
$20,000
$100,920
$120,920
Yes (2021)

Tax History

Year
Tax Paid
Assessed Value
2024
$300
$120,920

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$159,000
100%
0%
$0/mo

City: Gatesville

1118 W Main Street | Property Details | No Agent List