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$779,000

2105 FM 1971, Gary, TX, 75643

On MarketInfo
CommercialInfo
Beds5 Beds
Baths— Bath
Baths4,907 Sq Ft
Multi FamilyMulti Family
price_per_sqft$158.75 / sqft
Year BuiltBuilt in 1977

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms —Bathrooms —
AppliancesElectric Water Heater, Electric Oven, Electric Range

Exterior

Lot Size2.80 acres

Building Information

Year Built1977

Land Information

APN9199
Land UseCommercial
Legal DescriptionAB 385 E LEWIS LAKE MURVAUL
Census Tract950500
Assessment Year2025

About this property

Lakeview Cabins, located just footsteps away from the Dotson Bridge boat dock on beautiful Lake Murvaul. This unique multi-family property sits on 2.8 acres and features 11 total units, including 9 kitchenette cabins, One 2-bedroom house & One 1 Bedroom House, and 2 RV-spots for additional income, offering excellent potential for short-term, mid-term, or long-term rentals. Each unit has completed renovated exteriors in 2022, with smart board siding, paint and exterior doors. All new roofs with 30-year shingles on each unit in 2022. New driveways and parking areas in 2022. Vinyl plank and tile flooring and new appliances installed in each unit 2019-2022.The property is supported by its own private water well installed in 2019. With its close proximity to the lake and ample space for guests, Lakeview Cabins presents a rare opportunity for investors seeking a turn-key income property in the heart of East Texas.

Investor Tools

$176,159Estimated Mortgage Balance
$779,000Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,674 /month
Positive
Cash Flow Estimate:
$1,558 /month

Interested in this property?

Benjamin Wooten

Coldwell Banker Home Place Realty - Henderson

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$51/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$606
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2025
$606
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Commercial
$214,500
No
First
Sep 22, 2017
Sep 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$176,159
N/A
N/A
N/A
$1,287/mo

City: Gary

2105 FM 1971 | Property Details | No Agent List