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$610,960

222 W Gilmer Road, Big Sandy, TX, 75755

Off MarketInfo
Baths9,682 Sq Ft
ApartmentApartment
Year BuiltBuilt in 1985

Highlights

Interior

AppliancesRefrigerator

Exterior

Lot Size30,361 sqft

Building Information

Year Built1985

Land Information

APN18452
Lot Number5
Land UseResidential
Legal DescriptionLOT 5 SWC, 6 SPT, BLK 47 BIG SANDY S109 (A69) .697 ACRES & APARTMENTS
Census Tract950502
Assessed Land Value$24,590
Assessed Improvement Value$586,370
Assessment Year2025

About this property

If you are looking for a INCOME PRODUCING multi unit property with the opportunity to grow it even more. STOP you just found it! This 10 door apartment complex sitting on over half an acre is ready for its new owner. The lot next door would be the perfect spot to add 10 more doors and for a laundromat to maximize your income. This area has lots of new and up and coming businesses being built around it. Schedule a time to check it out today before you miss this GREAT deal.

Investor Tools

Property Icon
$610,960
Estimated Property Value
$0Estimated Mortgage Balance
$96,286Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,167/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,950
$610,960
2025
$24,590
$586,370
$610,960
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$10,950
$610,960

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Commercial
$519,200
No
First
Nov 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$514,674
$96,286
15%
84%
$3,113/mo

Learn About the Market: Opportunity in Texas

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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: Big Sandy

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222 W Gilmer Road | Property Details | No Agent List