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$185,000

$189,900

128 Morris Court, McGregor, TX, 76657

On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,052 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.86 / sqft
Year BuiltBuilt in 2026

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave
FlooringVinyl

About this property

Morris Court is McGregor Springs Square LLC's’ next exciting opportunity to fulfill McGregor’s housing needs. Prime opportunity for first time buyers and investors. Morris Court is approx. 2-acre tract with 19 townhome development sites which can be purchased in any quantity if desired. Each of the townhomes have (2) bedrooms, two (2) bathrooms with 1052 sq ft of living space. This area has high speed internet. All townhomes are insulated with high efficiency foam and high efficiency windows with Low E glass. The counter tops in both kitchen and baths are quartz. The kitchen island is large with a corner pantry. Bedrooms and living rooms have ceiling fans. The walk-in tiled shower is large and are handicap accessible. Nice quality custom made cabinets throughout. Vinyl flooring scratched resistant throughout and white faux wood grain blinds for window coverings. Brushed nickel hardware includes doorknobs, faucets, towel bars and cabinet hardware. The kitchen includes brand name appliances with a stove, microwave and dishwasher. Detailed crown molding in the living area. The exterior units are a mix of brick, brick and stone with hardie board. The exterior of the complex will have a beautiful block wall topped with a cedar picket privacy fence that will run along 317. The development will also feature a common courtyard with a gazebo and dog park. Lastly, the subdivision will have a structured HOA with a fee of $250 annually. Project Timeline The construction phase is already in progress with 5 being finished out currently. Most units in similar subdivisions were sold prior to the completion of the construction phases. ABOUT THE COMMUNITY!!! The City of McGregor offers walking trails, disc golf and fishing at nearby Amsler Park. Leave from the Amtrak Train Depot for a weekend getaway to Ft Worth or Austin and other destinations.

Investor Tools

$0Estimated Mortgage Balance
$185,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

Interested in this property?

Elizabeth Bays

Axio Real Estate LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
$250/month
5.947%

City: McGregor