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$450,000

1144 S PORT DR, PORT MANSFIELD, TX, 78598

On MarketInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths9,500 Sq Ft
price_per_sqft$47.37 / sqft
Year BuiltBuilt in 1982

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size34,500 sqft

Land Information

APN29978
Lot Number1-6
Land UseCommercial
Legal DescriptionPORT MANSFIELD ORIGN TOWN, BLOCK 5, LOT 1 THRU 5 & 6(S 20'), LAND LEASEHOLD INTERST
Census Tract950700
Assessed Land Value$69,000
Assessed Improvement Value$139,022
Assessment Year2025

About this property

This motel is fully operational and is ready to be yours. In this well-kept motel there are 24 hotel rooms and 3 two-bedroom condos. Guests have access to a fully stocked community guest kitchen, a covered barbecue area with grills and picnic tables, a guest work out room with an extra restroom, guest laundry services, outdoor seating areas to enjoy, and 24-hour access to the front desk. Being a 24-hour business means you will have a discounted electric rate! This motel had a face lift in 2020. This included moving water heaters to the ground level, replacing bedroom floor joists in 7 of 12 of the bedrooms on the ground level, all new windows and doors, new flooring, new light fixtures, the switch from PVC to PEX, all new beds, and all new TVs. Plus, the laundry units for the staff and guests were upgraded in 2023. The property is 50 year leasehold land, you do not own the lot. Schedule a private tour today and find out for yourself just how great this property really is.

Investor Tools

$0Estimated Mortgage Balance
$208,022Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$470/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,594
$208,022
2025
$69,000
$139,022
$208,022
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,594
$208,022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$208,022
100%
0%
$0/mo

City: PORT MANSFIELD