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$75,000

NAL Estimated Property Value

1603-1607 W Cleveland Avenue, Seadrift, TX, 77983

Off MarketInfo

About this property

Three contiguous lots facing W. Cleveland Ave. each measuring 50'x142' each. No restrictions; all types of structure welcome! NO utilities on site; get quote for install from City of Seadrift. Land is grass covered with No trees. Several survey stakes from the sellers' purchase are still marked with T-posts. Additional survey, if required is at Buyer's expense. West Cleveland Ave is a cul-de-sac at the end of this block on the West end of the City near city limits. Community has "working" City Harbor (shrimping, oystering & crabbing industry) with boat ramps & parking area; public, lighted fishing pier on San Antonio. Bayfront Park with covered pavilion, walking trail & picnic areas is completely bulkheaded. Area is known for sports-fishing, duck hunting & birding opportunities. Travel time from Houston approx. 2 hrs, from San Antonio, approx. 2.5 hrs. City has paid police services, volunteer fire/EMS services, limited retail, but plenty of locally owned eatery's! Weekender destination or forever home?

Investor Tools

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$75,000
Estimated Property Value
$0Estimated Mortgage Balance
$75,000Estimated 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
$450 /month
Positive
Cash Flow Estimate:
$150 /month

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Financing Details

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

City: Seadrift

1603-1607 W Cleveland Avenue | Property Details | No Agent List