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$210,000

311 S Ebrite St, Mesquite, TX, 75149

$273,000 ARVInfo
PendingInfo
Beds3 Beds
Baths1 Bath
Baths3,064 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$68.54 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop

Exterior

Lot Size9,525 sqft

Building Information

Year Built1945
Stories2
Roof Type105

Land Information

APN38000500510030200
Lot Number2-3
SubdivisionLc Ebrites 3rd / Ot Mesquite
Land UseResidential
Legal DescriptionLC EBRITES 3RD / OT MESQUITE BLK 51 PT LTS 2 & 3 AKA BLK G/51 INT202000285643 DD10012020 CO-DC 0005005100302 1CM00050051
Census Tract017500
Assessed Land Value$94,500
Assessed Improvement Value$187,760
Assessment Year2025

About this property

Rare opportunity to own two permitted structures on one lot in the heart of Mesquite! Whether you're an investor looking for an income-producing property or a homeowner seeking additional living space, this unique property offers exceptional flexibility. The main home offers 1,472 square feet of living space with 3 bedrooms, 2 full bathrooms, and a functional two-story layout that's ready for comfortable everyday living. The second permitted two-story structure features approximately 1,592 square feet and provides incredible potential to create 2–3 additional bedrooms, making it ideal for a guest house, multigenerational living, rental, home office, or customized living space. This property presents multiple investment opportunities: live in the front home while renting the second structure (house hack), lease both structures for maximum income potential, or create the perfect setup for a large family by using the rear building as a private mother-in-law suite. Major updates provide added peace of mind, including a roof and sub-roof replacement completed approximately two years ago and cast iron plumbing replaced with PVC from the main home to the city sewer line. Conveniently located near shopping, dining, schools, and major highways, this one-of-a-kind property offers versatility, value, and endless possibilities. Don't miss your chance to own this unique property with built-in income potential—schedule your showing today before it's gone!

Investor Tools

$151,833Estimated Mortgage Balance
$131,048Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$273,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,694 /month
Positive
Cash Flow Estimate:
$565 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$669/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,621
$282,260
2025
$94,500
$187,760
$282,260
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,621
$282,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Argon Group Llc
Unknown
$170,900
No
First
Oct 1, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,833
$130,427
46%
54%
$1,025/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$1,025/mo
+$947/mo
8.4%

City: Mesquite