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$231,000

NAL Estimated Property Value

500 E Main St, Decatur, TX, 76234

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths896 Sq Ft
BusinessBusiness
price_per_sqft$1.15 / sqft
Year BuiltBuilt in 2008

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
FlooringNone

Building Information

Year Built2000

Land Information

APND0317.7029.03
SubdivisionDc & Eo Cates
Land UseResidential
Legal DescriptionD0317.0123.00 MANUFACTURER: FLEETWOOD HOMES OF TX SERIAL NUMBER: TXFL312A41898E512 SERIAL NUMBER: PFS0801903
Census Tract150201
Assessed Improvement Value$40,313
Assessment Year2025

About this property

Here is a commercial income opportunity located in Decatur, Tx. This property is just over 1 acre that has three sides of road frontage on E Main, Stratton, and E Pecan. Currently Grandfathered in as trailer park but zoning has been changed to C2. Must ask city for new zoning requirements and information. It currently has 7 mobile homes that are renting the space monthly and pay for their own utilities. Six of the mobile homes are owned by the individual tenants. There is only one mobile home that is owned by the property owner and it will be conveyed with the sale. Decatur is the county seat of Wise County, Texas, United States. Its population was 6,738 in 2021 and has been growing ever since. There are multiple parks and wonderful downtown places to have coffee or enjoy some amazing local food. Major highways in the area are US380, US287, FM 51 and FM730.

Investor Tools

Property Icon
$231,000
Estimated Property Value
$0Estimated Mortgage Balance
$231,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,920 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$158/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$743
$40,313
2025
N/A
$40,313
$40,313
No

Tax History

Year
Tax Paid
Assessed Value
2024
$743
$40,313

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$231,000
100%
0%
$0/mo

City: Decatur

500 E Main St | Property Details | No Agent List