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Days134Days on Market
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$399,900

516 S Mckinney Street, Mexia, TX, 76667

On MarketInfo
CommercialInfo
Beds2 Beds
Baths1 Bath
Baths1,416 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 1969

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesGas Range, Refrigerator
FlooringWood

Building Information

Year Built1969
Garage Spaces2

Land Information

APNR20860
Land UseResidential
Legal DescriptionDIVISION M MEXIA, BLOCK 005, (75X145')
Census Tract970400
Assessed Land Value$8,480
Assessed Improvement Value$91,650
Assessment Year2024

About this property

MEXIA INVESTMENT PROPERTIES - 3 HOME PACKAGE and an additional 1 ACRE parcel of Land fenced in the City of Mexia. 2 Homes are currently leased: 516 S McKinney St., Mexia, 1416 Sqft. with 2 Bedrooms, 1 Bath, 1 Car Garage home on .25 acre of land currently leased thru 1-31-27 at 1450 per month. 509 N Ross Ave,. Mexia, 1818 sqft with 3 Bedrooms, 2 Full Baths, a Garage, A Carport area and is on a .516 acre lot. leased thru 7-31-26 at 1350 per month. 1 of the homes needs to be renovated: 512 S McKinney St., Mexia, This home is over 100 years old, 1 Bedroom, 1 Bath, home with 968 sqft. The home is in need of total renovation and needs to be reconnected to city utility services. This historic home would be make a great bed and breakfast. There is a full 1 Acre Lot behind the homes on S McKinney street. This lot could be leased or developed. Properties can be purchased as a package deal or can be sold separately.

Investor Tools

$0Estimated Mortgage Balance
$136,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,399 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Dawn James

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$172/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,386
$100,130
2024
$8,480
$91,650
$100,130
No

Tax History

Year
Tax Paid
Assessed Value
2022
$1,386
$100,130

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$136,000
100%
0%
$0/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: Mexia

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