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$86,000

NAL Estimated Property Value

1506 W Ave B, Temple, TX, 76504

Off MarketInfo
CommercialInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size7,000 sqft

Land Information

APN55567
Lot Number6
SubdivisionFreeman Heights
Land UseResidential
Legal DescriptionFREEMAN HEIGHTS, BLOCK 015, LOT 0006
Census Tract020702
Assessed Land Value$46,760
Assessment Year2025

About this property

Prime 31st corner lot! Currently zoned general retail per City of Temple Zoning Dept. Located on corner of S. 31st and W. Ave B, High Traffic with plenty of opportunities. Multi-story bldg. allowed. Mature trees on site. Sewer tap & water meter marked at alley, gas line flags across alley in front of stone wall and electricity line is over head. See diagram/picture for maximum parking potential Business opportunities include: Franchise or Family owned Restaurant (not drive in) and/or Restaurant (drive in), Retail sales, Barber and/or Beauty shop, Medical/Dental office, Offices, Hardware/Hobby shop, Laundry/Cleaning self serve, Office supply, Studio, Food and Beverage sales store without fuel sales, Florist, Fabric, Pawn, Pet shops on and on.....too many to list. Medical Clinic Open 24/7 on corner of Central Ave. Scarcity! Short in supply. One of a kind property on S. 31st only minutes from I.H. 35, Baylor Scott/White Hosp. Temple High School, Downtown Temple, Buc-ee's.

Investor Tools

Property Icon
$86,000
Estimated Property Value
$47,890Estimated Mortgage Balance
$38,110Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$85/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$589
$46,760
2025
$46,760
N/A
$46,760
No

Tax History

Year
Tax Paid
Assessed Value
2024
$589
$46,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gary S Ingram
Purchase Money Mortgage
$50,000
No
First
Jan 16, 2024
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,890
$38,110
44%
56%
$300/mo

City: Temple

1506 W Ave B | Property Details | No Agent List