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$154,740

NAL Estimated Property Value

2001 Washington St, Commerce, TX, 75428

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,502 Sq Ft
price_per_sqft$102.53 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size5,837 sqft

Building Information

Year Built1964
Stories1
Roof Type105

Land Information

APN5150-0030-0090-31
Lot Number9A
SubdivisionW J Taylor Addition #1
Land UseResidential
Legal DescriptionS5150 W J TAYLOR ADDITION #1 BLK 3 LOT 9A ACRES .134
Census Tract960600
Assessed Land Value$19,260
Assessed Improvement Value$135,480
Assessment Year2025

About this property

This exceptional investment property has been converted to three well-maintained rental units, two of which are currently leased, providing immediate rental income. Each unit is designed for student living, offering rooms at $650 each—an all-inclusive price and comes fully furnished with stylish furniture and smart TVs. The market average rent for similar rooms is $800, making this an attractive opportunity for investors. The property includes an updated kitchen and bathrooms, smart locks on doors, enabling secure, remote management, and is set up with three bedrooms and 1.5 bathrooms, ideal for student tenants. The property is walking distance to East Texas A&M University. Additionally, the property boasts a **lifetime foundation warranty**, offering long-term peace of mind. With a professional maintenance crew and management already in place, this property requires minimal effort for day-to-day operations, making it a truly hands-off investment. Don’t miss the chance to expand your portfolio with this prime, well-positioned, fully-equipped student rental property that promises solid returns and hassle-free ownership.

Investor Tools

Property Icon
$154,740
Estimated Property Value
$132,894Estimated Mortgage Balance
$21,846Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$928 /month
Positive
Cash Flow Estimate:
$309 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,399
$154,740
2025
$19,260
$135,480
$154,740
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,399
$154,740

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cv3 Financial Services Llc
Commercial
$138,750
No
First
Jan 17, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$132,894
$21,846
14%
86%
$832/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.

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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: Commerce

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2001 Washington St | Property Details | No Agent List