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$159,280

1908 Franklin Ave, Waco, TX, 76701

$207,064 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,307 Sq Ft
Year BuiltBuilt in 1960

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size14,000 sqft

Building Information

Year Built1960
Stories1
Roof Type112

Land Information

APN480200000037006
Lot Number10,11
SubdivisionGlenwood
Land UseCommercial
Legal DescriptionGLENWOOD LOT 10 11 BLOCK 7 ACRES .3214
Census Tract000700
Assessed Land Value$80,500
Assessed Improvement Value$78,780
Assessment Year2025

About this property

Prime commercial property close to downtown Waco. Currently used as a car lot. Tenant pays $1250.00 a month.

Investor Tools

Property Icon
$159,280
Estimated Property Value
$38,000Estimated Mortgage Balance
$139,468Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$207,064
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,259 /month
Positive
Cash Flow Estimate:
$420 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$366/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,597
$159,280
2025
$80,500
$78,780
$159,280
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,597
$159,280

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Credit Line (Revolving) / Heloc
$38,000
No
First
Sep 18, 2007
Sep 2008

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$19,812
$139,468
87%
12%
$228/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: Waco

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1908 Franklin Ave | Property Details | No Agent List