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$345,000

22728 CR 2166, Troup, TX, 75789

On MarketInfo

About this property

Build-ready 15- acre property with exceptional improvements in Troup! Discover beautiful country living on this tract. Whether you're planning your dream home, a barndominium, or simply need a functional property with room to grow, this one is already set up with many of the major improvements completed. The current centerpiece of this property is a 30' x 60' shop featuring 1,200 square feet of insulated space plus 600 square feet of covered parking with a floor drain. The shop includes a 10-foot roll-up door, 2 walk-through doors, and 5 windows, providing plenty of natural light and easy access. It's approximately 75% wired for electricity, with a 30-space breaker panel already installed inside and an exterior breaker panel on site that will convey. A new water heater also stays. The property is ready for your future home with dirt work for a house pad already done, an impressive 800-foot water well, and utilities available at the property. A 300-gallon fiberglass septic tank is included and will convey, helping save time and expense as you complete your build. High-speed fiber internet is available at the road, making remote work and streaming a breeze. The acreage is fenced on 3 sides, offering privacy, security, and flexibility for livestock, recreation, or simply enjoying wide-open East Texas views. If you've been searching for acreage with the hard work already done, this property offers an outstanding opportunity to finish it exactly the way you want while enjoying the peace and convenience of rural living just minutes from Troup.

Investor Tools

$0Estimated Mortgage Balance
$345,000Estimated 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
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

Interested in this property?

Carla Turner

Newberry Real Estate

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Financing Details

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

City: Troup