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$575,000

5729 County Road 308, Orange Grove, TX, 78372

On MarketInfo
Just AddedInfo
CommercialInfo
Beds6 Beds
Baths4 Bath
Baths2,514 Sq Ft
Multi FamilyMulti Family
price_per_sqft$228.72 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 4Bathrooms 4
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size14 acres

Land Information

APN1273501900600
Land UseAgriculture / Farming
Legal DescriptionW H SARTAIN & CO S/D PT S/D 21 0014.000
Census Tract950101
Assessed Land Value$121,061
Assessed Improvement Value$20,000
Assessment Year2025

About this property

Investor opportunity on approximately 14 acres featuring 3, well maintained manufactured homes, two ponds, and ample room to expand. Enjoy a peaceful country setting with ducks and abundant wildlife, while only about 2 acres are currently improved, leaving roughly 12 additional acres for future use, recreation, or potential development (buyer to verify). Historically the 1-bedroom has averaged $950 (with a $50 electric credit due to the pond fountain connection), the 2-bedroom $1,100, and the 3-bedroom $1,500, with tenants paying their own electricity. The property is serviced by two septic tanks and offers flexible options for investors seeking both current income and long-term upside.

Investor Tools

$22,400Estimated Mortgage Balance
$192,600Estimated Equity
89% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

Interested in this property?

Alyssa King

Corpus Christi Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,658
$141,061
2025
$121,061
$20,000
$141,061
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,658
$141,061

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veterans Land Board Of The State Of Tx
N/A
$33,250
N/A
First
Sep 14, 2012
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$22,400
$192,600
89%
10%
$0/mo

City: Orange Grove

5729 County Road 308 | Property Details | No Agent List