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$650,000

1198 Jones Butler Road Multi, College Station, TX, 77840

On MarketInfo
Just AddedInfo
CommercialInfo
Beds3 Beds
Baths3 Bath
Baths3,616 Sq Ft
Multi FamilyMulti Family
price_per_sqft$179.76 / sqft
Year BuiltBuilt in 2010

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size2,583 sqft

Building Information

Year Built2016
Stories2
Roof Type105

Land Information

APN378680-0415-1511
SubdivisionLakeridge Townhomes Condos Ph 4a
Land UseResidential
Legal DescriptionLAKERIDGE TOWNHOMES CONDOS PH 4A, BLDG 15, UNIT 1511
Census Tract002024
Assessed Land Value$43,000
Assessed Improvement Value$253,237
Assessment Year2025

About this property

Rare chance to purchase two income-producing townhome units in upscale, gated Lakeridge Townhomes in College Station! Just 1 mile from Texas A&M, on TAMU Bus Routes #35 & #36, and a 10-minute bike ride to West Campus. Each 4-bedroom, 4.5-bathroom unit offers 1,808 sq. ft. with a spacious first-floor living area, gourmet kitchen with granite countertops, walk-in pantry, laundry room, and half bath. Upstairs, each bedroom has its own private ensuite bath for optimal privacy. Community amenities include a resort-style pool, hot tub, clubhouse, fitness center, movie theater, basketball court, and gated entry with four assigned parking spaces per unit. HOA dues cover cable, high-speed internet, and water. With unit 2708 & 203 as fully rented through July 2027, this package is perfect for investors seeking a turn-key opportunity in a high-demand rental market.

Investor Tools

$132,053Estimated Mortgage Balance
$164,184Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Wendy Cline

Wendy Cline Properties Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$558/month
$225/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,217
$296,237
2025
$43,000
$253,237
$296,237
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,217
$296,237

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Purchase Money Mortgage
$147,150
No
First
Feb 24, 2021
Mar 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,053
$164,184
55%
45%
$883/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,480/mo
$1,108/mo
+$372/mo
6.0%

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: College Station

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1198 Jones Butler Road Multi | Property Details | No Agent List