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$269,000

124 12th Street, Somerville, TX, 77879

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,352 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.37 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2

Exterior

Lot Size15,473 sqft

Building Information

Year Built1940
Garage Spaces2

Land Information

APNR21384
Land UseCommercial
Legal DescriptionS2406 WATSON BLK 12 LOT PT OF 18 & 46, .3552 ACRES
Census Tract970502
Assessed Land Value$112,021
Assessed Improvement Value$38,969
Assessment Year2025

About this property

Prime Highway 36 Frontage Opportunity in Somerville, Texas! Located at 124 12th Street, this versatile property offers excellent visibility and direct frontage on highly traveled Highway 36, making it ideal for both residential and commercial use. Whether you're looking for a live/work setup, small business location, investment property, or multi-use space, this property provides exceptional flexibility to fit your needs. The building features two separate areas that can be utilized as living quarters, offering the potential for dual occupancy, owner-occupant with office space, rental income, or employee housing. The layout allows for a variety of configurations including residential living, office space, retail, or service-based business operations. Positioned in a strategic location with strong traffic exposure and easy access, this property offers outstanding potential for entrepreneurs, investors, or anyone seeking a highly visible and adaptable space in the growing Somerville area

Investor Tools

$0Estimated Mortgage Balance
$150,990Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,614 /month
Positive
Cash Flow Estimate:
$538 /month

Interested in this property?

Bruce Middleton

Oro Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$287/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,693
$150,990
2025
$112,021
$38,969
$150,990
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,693
$150,990

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$150,990
100%
0%
$0/mo

City: Somerville

124 12th Street | Property Details | No Agent List