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$2,190,898

3817 FM 154 RD, Muldoon, TX, 78949

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About this property

Own a piece of history with this gorgeous 223 acre tract! This property has been in the same family since 1835 and was part of the Spanish Land Grants. The original jail in La Grange, the La Grange courthouse, and various churches in the area were all built from the Muldoon Blue Sandstone rock quarry that you can still see on the southern end of the property. There is Big Bluestem, Indian Grass and Switchgrass (which are native grasses that provide soil conservation, drought tolerance, and a food supply for cattle and other livestock) . It also has native grasses such as Little Bluestem and Sideoats Grama which are drought resistant and great for cattle grazing. The property has wooded areas that house deer and turkey, Bobwhite Quail, Whitewing Dove, along with other wildlife. Also on the property is an original 1934 Chicago Company Windmill which is restored and functioning as a water source. The perimeter fence has been replaced and has an electric fence that is solar powered. There is also cross fencing. The property is bordered by Buckner’s Creek and has several ponds on it, one of which is spring fed, along with large beautiful Live Oaks scattered throughout There are ample pastures for the cattle on the property, which satisfies the ag exemption. Over 100 acres was recently reseeded with Bermuda and followed up with herbicide. It is continually being maintained. MINERALS BEING CONVEYED!!

Investor Tools

$0Estimated Mortgage Balance
$2,190,898Estimated 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
$13,145 /month
Positive
Cash Flow Estimate:
$4,382 /month

Interested in this property?

Jerri Taylor

Diggs Real Estate

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Financing Details

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

City: Muldoon