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$90,000

NAL Estimated Property Value

15795 Hwy 94, Apple Springs, TX, 75926

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths948 Sq Ft
price_per_sqft$94.94 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market List

About this property

A gem waiting for someone to polish it up. This historic 81 year old structure is a beauty. Once known as the original Masonic Lodge, this two story structure has had recent remodeling done on the second story. It houses two upstairs bedrooms, bathroom, living area and a kitchen. Some TLC is needed but the structure throughout is in good condition, considering the age. The ground level has been several businesses throughout recent years, ie. retail and game room. This building located in the heart of Apple Springs would give a buyer an excellent income opportunity to use as a lease or permanent residence upstairs and a business downstairs. The area around Apple Springs is thriving with new residential development. In addition, there is another lot beside this building. This lot contains another structure that was once a cafe. Although not in as good as shape, it still may be able to be restored, or torn down and used as a parking lot. Both lots together are just under 1/2 acre.

Investor Tools

Property Icon
$90,000
Estimated Property Value
$0Estimated Mortgage Balance
$90,000Estimated 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
$540 /month
Positive
Cash Flow Estimate:
$180 /month

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Financing Details

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

City: Apple Springs

15795 Hwy 94 | Property Details | No Agent List