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$330,000

NAL Estimated Property Value

1802-1804 Iris Circle, Temple, TX, 76502

Off MarketInfo
Beds— Beds
Baths4 Bath
Baths2,296 Sq Ft
price_per_sqft$135.02 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 3.5Bathrooms Full 3.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Multiple Water Heaters, Refrigerator, Some Electric Appliances, Range
FlooringCarpet, Laminate, Vinyl

Building Information

Year Built1979
Stories1
Roof Type105
Garage Spaces1

Land Information

APN12503
Lot Number6
SubdivisionOak Creek Planned Development
Land UseResidential
Legal DescriptionOAK CREEK PLANNED DEVELOPMENT, BLOCK 001, LOT 0006
Census Tract021304
Assessed Land Value$30,000
Assessed Improvement Value$300,000
Assessment Year2025

About this property

Invest in Stable Rental Income with This Turn-Key Duplex for Sale in Temple TX – Prime Cash Flow Opportunity Near I-35 & HEB! Searching for a duplex for sale Temple TX that delivers immediate cash flow? Discover this meticulously maintained brick investment property Temple TX at 1802-1804 Iris Circle. Built in 1979 on a spacious 0.28-acre corner lot in a quiet cul-de-sac, this multifamily rental in Temple TX features two leased units ready for seamless investor ownership. Perfect for 1031 exchange or portfolio expansion in one of Texas' fastest-growing markets. Why This Cash Flow Duplex 76502 Stands Out. Spacious 3 bedrooms, 2 full bathrooms or 2 bedrooms, 1 bathroom. Investor-Friendly Amenities in Every Unit. Attached 1-car garage per each side. Privacy-fenced backyard. In-unit laundry hookups. Updated interiors with modern finishes, central heat & air. Outdoor storage & a generous lot size supports potential landscaping upgrades. Both units are currently leased with stable, long-term tenants, ensuring positive cash flow from day one. Current rent rolls show competitive rates in Temple's thriving rental market! Unbeatable location in Temple TX. Tucked in a peaceful residential circle, this duplex investment is a tenant magnet. Just minutes from HEB grocery, Temple Mall, restaurants, and everyday shopping. Close to Baylor Scott & White Medical Center, VA Hospital, and major employers. Keep as income producer, 1031 exchange, or live in one side while renting the other. Schedule a private tour of this cash flow duplex 76502 today!

Investor Tools

Property Icon
$330,000
Estimated Property Value
$167,024Estimated Mortgage Balance
$162,976Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,314
$330,000
2025
$30,000
$300,000
$330,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,314
$330,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Phillips Mortgage Inc
Conventional
$181,875
No
First
Jan 4, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,024
$162,976
49%
51%
$1,091/mo

City: Temple

1802-1804 Iris Circle | Property Details | No Agent List