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$2,700,000

511 W 5th St, Tolar, TX, 76476

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$3,600 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringConcrete

Exterior

Lot Size2,614 sqft

Building Information

Year Built2024
Stories1

Land Information

APN16000.040.0003.1
Lot Number3A
SubdivisionTolar
Land UseResidential
Legal DescriptionACRES: 0.060 LOT: 3A BLK: 40 SUBD: TOLAR
Census Tract160302
Assessed Land Value$12,000
Assessed Improvement Value$109,900
Assessment Year2025

About this property

Investment opportunity, 12 tiny homes located in Tolar and in Tolar school district. Homes are 2 bedroom, 1 bath, with living and kitchen area that is common and open with an island. Central air conditioning and heat in each unit, with ceiling fans throughout, granite counter tops, window blinds, stained concrete floors, metal roof, gutters, and each unit is spray foamed for insulation. Each unit has a fenced backyard, and approximate 6 x 14 covered front porch. This is a great opportunity to own rental property or buy it and use if for your own ideas. Each unit is currently under a lease. Seller will provide a copy of lease and information to a buyer upon serious consideration. All 12 units are in a line on West 5th street in Tolar, additionally there are 4 more lots with these homes for future tiny homes or whatever the buyer would like to build or add. Seller disclosure on each unit in the transaction desk on MLS.

Investor Tools

Property Icon
$201,000
Estimated Property Value
$479,000Estimated Mortgage Balance
$0Estimated Equity
-138% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,200 /month
Positive
Cash Flow Estimate:
$5,400 /month

Interested in this property?

Steve Berry

Keller Williams Brazos West

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,011
$121,900
2025
$12,000
$109,900
$121,900
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,011
$121,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Financial Bank Na
Commercial
$37,000
No
First
Sep 28, 2020
Sep 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$520,511
N/A
0%
259%
$3,316/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: Tolar

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511 W 5th St | Property Details | No Agent List