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$299,000

118 W College Street, Mesquite, TX, 75149

On MarketInfo
Just AddedInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size7,500 sqft

Land Information

APN38000500220040100
Lot Number4
SubdivisionOrig Town Mesquite
Land UseResidential
Legal DescriptionORIG TOWN MESQUITE BLK 22C N PT LOT 4 75X100 INT200600358766 DD09212006 CO-DC 0005002200401 1CM00050022
Census Tract017500
Assessed Land Value$61,880
Assessment Year2025

About this property

This lot is right in the heart of Downtown Mesquite. This listing combines 2 lots, sold together, 118 W College and 307 Bodine for a little under a third of an acre total. Commercially, you can construct a building which is on a high traffic street with Wells Fargo Bank Drive Thru right across the street. The property can be used as Residential or Business. Close to City Lake Park, Downtown Mesquite Square with Farmers Market, Mesquite City events too. Possibility for a multi unit residential dwelling with Central Business District Zoning. Retail, Office, Minor Auto repair uses are allowed. Downtown is going through a revitalization so much is coming! Not many lots available in the area. Utilities connections are on College.

Investor Tools

$15,279Estimated Mortgage Balance
$235,721Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

Interested in this property?

Belinda Epps

Epps Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$178/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$878
$61,880
2025
$61,880
N/A
$61,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$878
$61,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway National Bank
Unknown
$32,400
No
First
Sep 21, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$15,279
$235,721
93%
6%
$0/mo

City: Mesquite

118 W College Street | Property Details | No Agent List