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$297,500

601 Franklin St, Liberty, TX, 77575

On MarketInfo
Beds— Beds
Baths1 Bath
Baths1,200 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.81 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size5,001 sqft

Building Information

Year Built1950
Stories1
Roof Type112

Land Information

APNR48675
Lot Number7
SubdivisionGarrett
Land UseResidential
Legal DescriptionGARRETT, BLOCK 1, LOT 7, ACRES .1148
Census Tract701200
Assessed Land Value$16,500
Assessed Improvement Value$54,540
Assessment Year2025

About this property

Versatile corner property spanning three lots with a 40x80 all-metal building designed for efficiency & flexibility. Interior features include an office (15x9), break room (18x7), & large bathroom (9x4), all renovated in 2021 w/ updated sheetrock, framing, tile, paint, fixtures, and doors. A 400 SF storage area sits above the office. The office space is climate-controlled w/ mini-splits. The workshop offers 24’ clear height, two bay doors for pull-through access, & an open layout with no interior columns. Exterior features include two fenced lots & a 30x90 concrete slab. Utilities include 220V single-phase electricity, city water and sewer, w/natural gas available. Property currently has a rental tenant in place who is willing to continue leasing with the new owner if desired, offering immediate income-producing potential. Property is just blocks from Highway 90 with TxDOT estimated traffic counts between 8k-50k vehicles per day. Easy access to HWY 90.

Investor Tools

$0Estimated Mortgage Balance
$342,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

Interested in this property?

Tatum MacNaughton

Boom Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,594
$71,040
2025
$16,500
$54,540
$71,040
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,594
$71,040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$342,000
100%
0%
$0/mo

City: Liberty

601 Franklin St | Property Details | No Agent List