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Days49Days on Market
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$700,000

1206 N Business Highway 78, Blue Ridge, TX, 75424

On MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths828 Sq Ft
Multi FamilyMulti Family
price_per_sqft$1.84 / sqft
Year BuiltBuilt in 1985

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringVinyl

Exterior

Lot Size1.32 acres

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APNR-6478-000-0540-1
Lot Number54
SubdivisionGreer Johnson Survey
Land UseResidential
Legal DescriptionABS A0478 GREER JOHNSON SURVEY, TRACT 54, 1.318 ACRES
Census Tract030101
Assessed Land Value$72,490
Assessed Improvement Value$117,698
Assessment Year2025

About this property

Fantastic investment package opportunity—perfect for investors seeking immediate cash flow or those just getting started and want an option for themselves! This package includes 3 single family properties plus a 0.97 empty lot! Recently renovated, these properties feature modern updates throughout, including granite countertops, durable luxury vinyl plank wood flooring, and updated kitchen and bathroom finishes. This package is ideal for investors looking for a cash-flowing rental property making it a turnkey addition to your rental portfolio. (Unit 1) 1206 N Business Highway 78, sits on a 1.32 acre lot with the 0.97 vacant lot adjacent - Tenant-occupied through 5-28-27 at $1525 per month. (Unit 2) 313 N Church St - Lease Term: 5-31-26 at $1475 per month (Unit 3) 308 W Lamm St - Actively listed for lease. These properties are also available for individual sale.

Investor Tools

Property Icon
$693,000
Estimated Property Value
$160,000Estimated Mortgage Balance
$538,034Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

Interested in this property?

Brandi Stubbs

OmniKey Realty, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$526/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,844
$190,188
2025
$72,490
$117,698
$190,188
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,844
$190,188

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Third Coast Bank Ssb
Conventional
$160,000
No
First
Aug 18, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,128
$51,872
25%
22%
$1,051/mo

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.

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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: Blue Ridge

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1206 N Business Highway 78 | Property Details | No Agent List