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$375,000

1272 Binion Rd., Gilmer, TX, 75645

On MarketInfo

About this property

UNRESTRICTED 54 +/- ACRES IN EAST TEXAS WITH IMPROVEMENTS - THIS IS A DEAL! This property is on Binion's dead-end road. The 54 acres have a portion of the property cleared and utilities connected to the shop/house and the unfinished wood siding home. The shop-house is approximately 1200 SF heated and cooled, and the unfinished wood siding home is approx 2594 SF. There are 3 septic systems, one of which was for a previous mobile home location near the front entrance, and the other 2 septic systems serve the shop/house and the wood frame house. You will see some cross pipe fencing for large animal use on the East side of the property. There are lots of remaining materials on site to help with any further improvements. The wooded area has hardwoods, and there is a creek that runs through the property near the woods. This is a place where possibilities and your imagination can become reality in East Texas.

Investor Tools

$0Estimated Mortgage Balance
$375,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Mary Lou Clendenin

BOLD Real Estate Group

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Financing Details

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

City: Gilmer

1272 Binion Rd. | Property Details | No Agent List