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$250,000

117 Fm 183, Purmela, TX, 76566

On MarketInfo
CommercialInfo
Beds3 Beds
Baths3 Bath
Baths3,063 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$81.62 / sqft
Year BuiltBuilt in 1997

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesMicrowave, Free-Standing Electric Oven, Range, Refrigerator, Water Heater
FlooringCarpet, Linoleum

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size1.48 acres

Building Information

Year Built1997

Land Information

APN0-23-44-0505
Land UseCommercial
Legal Description0356 A B FLUERY, ACRES 1.484
Census Tract010102
Assessed Land Value$29,680
Assessed Improvement Value$173,760
Assessment Year2025

About this property

Opportunities like this don't come along often! Situated on 1.5 UNRESTRICTED acres, this truly one-of-a-kind property includes TWO SEPARATE RESIDENCES FOR ONE INCREDIBLE PRICE! The centerpiece is a beautifully remodeled historic church that has been thoughtfully transformed into a stunning 2-bedroom, 2-bath home, while the 3-bedroom, 2-bath doublewide offers additional living space, making this property ideal for multi-generational living, rental income/AirBNB, guests, or anyone needing extra flexibility. Inside the converted church, you'll find a bright open-concept layout, gorgeous original hardwood flooring throughout the main living area and both bedrooms, a beautiful new kitchen with new cabinetry, countertops, and stainless steel appliances, plus a spacious primary suite featuring a walk-through closet and luxurious glass walk-in shower. Even more exciting, the framework has already been built for a potential second story beyond the current drop ceiling, offering ENDLESS POSIBILITIES FOR FUTURE EXPANSION. The doublewide provides its own kitchen, dining area, living room, laundry room, and 3 bedrooms complete with walk-in closets, along with updated wood-look flooring in the dining and living rooms, creating a comfortable SECOND HOME ready for family or guests. Outside, enjoy the freedom that comes with UNRESTRICTED ACREAGE, a brand-new septic system, storage shed, and plenty of room to customize the property to fit your needs. Both refrigerators convey, and the sellers are offering $5,000 TOWARD A NEW ROOF FOR THE DOUBLEWIDE, making this an even better value. Whether you're searching for a unique homestead, an investment opportunity, or a property that offers room to grow, 117 FM 183 delivers endless possibilities. Being sold as-is. Schedule your private showing today and imagine everything this remarkable property could become!

Investor Tools

$49,120Estimated Mortgage Balance
$154,621Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

Interested in this property?

Megan Hansen

Elevate Texas Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$203,440
2025
$29,680
$173,760
$203,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$203,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hillside Evangelical Methodist Church In
Unknown
$50,000
No
First
Apr 7, 2025
Apr 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$49,120
$154,320
75%
24%
$300/mo

City: Purmela

117 Fm 183 | Property Details | No Agent List