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$249,900

1523 Pine Ridge Drive A and B, College Station, TX, 77840

PendingInfo
Baths0 Bath
Baths1,623 Sq Ft
price_per_sqft$153.97 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size6,900 sqft

Building Information

Year Built1978
Stories1

Land Information

APN494000-0501-0120
Lot Number12
SubdivisionParkway Plaza Ph 5
Land UseRental-Duplex
Legal DescriptionPARKWAY PLAZA PH 5, BLOCK 1, LOT 12
Census Tract001606
Assessed Land Value$99,567
Assessed Improvement Value$103,691
Assessment Year2025

About this property

Attention all investors -great redevelopment opportunity with current cash flow! This duplex is ideally located in the heart of College Station, one block from a TAMU shuttle bus stop and a short bike ride to campus. Close to retail, restaurants and parks it is in an ideal location. In addition this area has been re-zoned to higher density development allowing for redevelopment of this property into a fourplex and units with more bedrooms greatly increasing cash flow potential. The area’s ongoing development makes this property an ideal investment with both immediate and long-term return potential. The 2 bedroom, 1 bath units are in good overall condition and offer immediate cashflow since they are fully leased. Don't miss this opportunity at a great investment!

Investor Tools

$184,250Estimated Mortgage Balance
$189,750Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$503/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,161
$203,258
2025
$99,567
$103,691
$203,258
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,161
$203,258

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$190,200
No
First
Oct 10, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,250
$189,750
50%
49%
$1,141/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.

Explore Texas Explore This Area
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: College Station

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1523 Pine Ridge Drive A and B | Property Details | No Agent List