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$400,000

222 West Dr, League City, TX, 77565

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,544 Sq Ft
TriplexTriplex
price_per_sqft$157.23 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size10,001 sqft

Building Information

Year Built1995
Stories1
Roof Type105

Land Information

APN4510-0005-0007-000
Lot Number7,8
SubdivisionLakeside Subd
Land UseResidential
Legal DescriptionABST 18 M MULDOON SUR LOTS 7 & 8 BLK 5 LAKESIDE MH 1976 HOLIDAY FAIRWAY 12X60
Census Tract721502
Assessed Land Value$91,510
Assessed Improvement Value$139,050
Assessment Year2025

About this property

Unique opportunity on approximately 10,000 SF of prime land consisting of two adjoining 5,000 SF lots. The property features a beautifully updated two-story structure with two units. The first floor unit is a 1/1 and the second floor unit features 1/1. Both units are currently operated as short-term rentals and feature modern finishes throughout, plus a spacious outdoor deck. Comes furnished. The adjoining lot includes a tenant-occupied ADU, providing an additional income-producing unit. Excellent location directly behind TownHarbour Estates residential development and surrounded by continued growth. A rare combination of updated improvements, existing rental income and approximately 10,000 SF of valuable land in a highly desirable area.

Investor Tools

$154,963Estimated Mortgage Balance
$191,542Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Hasan Yacoub

All City Real Estate Ltd.Co

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$263/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,425
$230,560
2025
$91,510
$139,050
$230,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,425
$230,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Capital Funding Llc
Building Or Construction Loan
$161,000
No
First
Aug 8, 2024
Feb 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,963
$118,037
43%
45%
$966/mo

City: League City

222 West Dr | Property Details | No Agent List