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$179,900

$182,500

308 W Lamm St, Blue Ridge, TX, 75424

On MarketInfo
Price DropInfo
Beds4 Beds
Baths1 Bath
Baths1,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.98 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size9,104 sqft

Building Information

Year Built1945
Stories1
Garage Spaces1

Land Information

APNR-1022-000-014C-1
Lot Number14C
SubdivisionBlue Ridge Original Donation (Cbl)
Land UseResidential
Legal DescriptionBLUE RIDGE ORIGINAL DONATION (CBL), LOT 14C
Census Tract030101
Assessed Land Value$37,056
Assessed Improvement Value$152,010
Assessment Year2025

About this property

Fantastic investment opportunity—perfect for investors seeking immediate cash flow! This 4-bedroom, 2-bath property is tenant-occupied at $1,540 per month through June 2027, making it a turnkey addition to your rental portfolio. Beautifully renovated 4-bedroom home for sale featuring modern upgrades and move-in ready convenience. This updated property offers a bright, open feel with stylish finishes throughout—perfect for buyers seeking a turnkey home with contemporary appeal. The fully remodeled kitchen is a standout, showcasing granite countertops, sleek cabinetry, stainless steel appliances, and ample prep and storage space—ideal for both everyday living and entertaining. Durable luxury vinyl plank wood flooring runs throughout the home, offering a clean, modern look with easy maintenance, while updated fixtures add a refined touch. The updated bathroom features refreshed finishes designed for comfort and functionality. The secondary bedrooms provide excellent flexibility to fit your lifestyle—perfect for guest rooms, a home office, workout space, or creative flex use. Each room offers comfortable space to adapt to your needs. This property is available for individual sale as well as offered as part of an Investor Package Deal.

Investor Tools

Property Icon
$189,066
Estimated Property Value
$3,439,500Estimated Mortgage Balance
$0Estimated Equity
-1719% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$376/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,563
$189,066
2025
$37,056
$152,010
$189,066
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,563
$189,066

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bpl Mortgage Trust Llc
Commercial
$3,439,500
No
First
Nov 15, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,140,897
N/A
0%
1661%
$20,622/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: Blue Ridge

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