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$499,500

NAL Estimated Property Value

214 R L Butler Street, Magnolia, TX, 77355

Off MarketInfo

About this property

Rare opportunity in the heart of Historic Old Downtown Magnolia! This 2.893 acre property features one of the oldest remaining homes in Magnolia (built in the 1800s built by the late Dr. James Ware). Front portion zoned Magnolia Town Center. The property has 253'+/- of frontage along RL Butler at Heflin St. The home needs extensive remodeling but the old bones include the original part of the house with original glass exterior windows in the living room, solid wood doors, a pantry, a sink from the 1900s, and the back porch's original brick fireplace flue from the kitchen wood stove. home or business or can be relocated so new owner can do as they please with the property. Renovate for your business and build your dream home further back on the property.

Investor Tools

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$499,500
Estimated Property Value
$0Estimated Mortgage Balance
$499,500Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,997 /month
Positive
Cash Flow Estimate:
$999 /month

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Financing Details

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

City: Magnolia

214 R L Butler Street | Property Details | No Agent List