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$52,000

206 1st St, Willis, TX, 77378

On MarketInfo
Just AddedInfo
Baths1 Bath
Baths1,375 Sq Ft
Year BuiltBuilt in 1976

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,960 sqft

Building Information

Year Built1976
Stories1
Roof Type105
Garage Spaces2

Land Information

APN6200-00-00910
Lot Number9-C,1
SubdivisionJohnson Addition
Land UseResidential
Legal DescriptionJOHNSON ADDITION, BLOCK 1, LOT 9-C, 10-C
Census Tract694105
Assessed Land Value$23,840
Assessed Improvement Value$119,748
Assessment Year2025

About this property

Excellent development opportunity in the heart of Willis! This approximately 0.13-acre corner lot is located at 206 First Street at Avenue A in the established Johnson Addition. The previous home was damaged by fire and has been demolished, leaving a cleared lot ready for its next use. The property offers approximately 120 feet of frontage along First Street and 47 feet along Avenue A, with existing driveway access from First Street. The property appears to be zoned R-1 Single Family Residential, which permits single-family residences, patio homes, and two-family dwellings (duplexes), subject to City of Willis approval and applicable development requirements. The lot's long street frontage and corner location may provide several attractive design possibilities. Utilities may already be available from the previous residence; buyer should independently verify availability, zoning, setbacks, building requirements, and intended use with the City of Willis.

Investor Tools

$0Estimated Mortgage Balance
$143,588Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$862 /month
Positive
Cash Flow Estimate:
$287 /month

Interested in this property?

Michael Mamo

Texas Premier Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$108/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$583
$143,588
2025
$23,840
$119,748
$143,588
No

Tax History

Year
Tax Paid
Assessed Value
2024
$583
$143,588

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$143,588
100%
0%
$0/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: Willis

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206 1st St | Property Details | No Agent List