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$315,000

120 Phillip, Mesquite, TX, 75149

On MarketInfo

About this property

What a great opportunity to start building right away! The owner has done all the prework with the City of Mesquite saving you approximately 2 years of preliminary work, with plans and meetings providing you with huge savings and time. These plans are to build an approximately 3000 SF retail building. Owner has a site plan, building plans and utility, grading, drainage and erosion control plans for your review. Owner occupy all or part for your business and lease the rest. No more paying rent, own and start building equity! The location is great with visibility from Main and Davis not to mention across the street from the City of Mesquites STAR Transit, which provides convenient transportation in the service area, providing over 235,000 rides annually. Also, located minutes to Mesquite HS and Hanby Football Stadium which hosts numerous games and events. This site is close to downtown square Mesquite and other retail and restaurants, including one of the highest volume CiCi Pizzas around. Not much land around in high traffic areas, especially with this opportunity.

Investor Tools

$0Estimated Mortgage Balance
$315,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Belinda Epps

Epps Realty, LLC

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Financing Details

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

City: Mesquite

120 Phillip | Property Details | No Agent List