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$150,000

406, 404 East Lois Lane, Somerville, TX, 77879

$195,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,560 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$96.15 / sqft
Year BuiltBuilt in 2006

About this property

Endless possibilities await with this unique property offering 1.51 acres and a 3-bedroom, 2-bath manufactured home. The home is in need of repairs, making it an excellent opportunity for investors, flippers, or buyers looking to create their own country retreat. Also included on the property are a cabin and a storage shed. The cabin requires significant renovation but has the potential. Adding even more value is an adjacent 1.2-acre fully wooded lot that is available to purchase with the property or may be sold separately, giving buyers added flexibility. Keep the extra acreage for additional privacy, future development, or investment potential. Located just minutes from Lake Somerville, this property offers easy access to boating, fishing, camping, and outdoor recreation. Whether you're looking for a renovation project, investment opportunity, or acreage with room to grow, this property is full of potential. Being sold as-is.

Investor Tools

$0Estimated Mortgage Balance
$150,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$195,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

Interested in this property?

Bruce Middleton

Oro Realty

ContactContact

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Financing Details

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

City: Somerville

406,404 East Lois Lane | Property Details | No Agent List