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$779,000

2105 FM 1971, Gary, TX, 75643

On MarketInfo
CommercialInfo
Beds5 Beds
Baths0 Bath
Baths4,907 Sq Ft
Multi FamilyMulti Family
price_per_sqft$158.75 / sqft
Year BuiltBuilt in 1977

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 0Bathrooms 0
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

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$0
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
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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

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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

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: Gary

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2105 FM 1971 | Property Details | No Agent List