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$80,000

2309 Mayo St, Commerce, TX, 75428

$104,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,392 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$33.44 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
AppliancesDishwasher, Refrigerator

Exterior

Lot Size8,398 sqft

Building Information

Year Built1959
Stories2
Roof Type105
Garage Spaces2

Land Information

APN2515-0090-0040-31
Lot Number4
SubdivisionCollege Addition (Commerce)
Land UseResidential
Legal DescriptionS2515 COLLEGE ADDITION (COMMERCE) BLK 9 LOT 4 ACRES .1928
Census Tract960600
Assessed Land Value$27,470
Assessed Improvement Value$115,720
Assessment Year2025

About this property

INVESTOR SPECIAL! Opportunity awaits at 2309 Mayo St in Commerce, Texas! This 4-bedroom, 3-full-bath home offers a spacious layout and strong potential for the right investor, renovator, or buyer ready to take on a substantial project. The property needs significant repairs and updating but presents an excellent opportunity to reimagine and add value. Ideally located near East Texas A&M University, the home may offer attractive potential for future rental, student housing, or long-term investment use. With its convenient location, four bedrooms, and three full bathrooms, this property has the foundation for a rewarding renovation. Bring your vision, contractor, and creativity—this is a value-add opportunity with plenty of upside.

Investor Tools

Property Icon
$216,000
Estimated Property Value
$0Estimated Mortgage Balance
$216,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$104,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,296 /month
Positive
Cash Flow Estimate:
$432 /month

Interested in this property?

Daniel Nestorovski

Keller Williams Central

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$449/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,311
$143,190
2025
$27,470
$115,720
$143,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,311
$143,190

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$216,000
100%
0%
$0/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: Commerce

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