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$389,000

$399,000

602 Washington Street, McGregor, TX, 76657

On MarketInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths4 Bath
Baths2,108 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesDishwasher
FlooringConcrete

Exterior

Lot Size8,407 sqft

Building Information

Year Built2019
Stories1
Roof Type105

Land Information

APN341340000661000
Lot Number7
SubdivisionMcgregor Ot
Land UseResidential
Legal DescriptionMCGREGOR OT LOT 7 BLOCK 50 ACRES .193
Census Tract003902
Assessed Land Value$18,330
Assessed Improvement Value$171,460
Assessment Year2025

About this property

Excellent investment opportunity in growing McGregor, Texas! This fully occupied duplex offers immediate income potential with both units currently leased on month-to-month agreements, providing flexibility for future plans. Whether you're looking to expand your investment portfolio or purchase a property where you can live in one unit and rent the other, this duplex offers a variety of possibilities. Conveniently located near major employers, schools, shopping, and local amenities, the property is well-positioned to appeal to a wide range of tenants. Each unit features durable stained concrete floors and granite countertops throughout. Tenants enjoy their own private fenced backyard with a storage building, as well as two dedicated parking spaces per unit. Don't miss your chance to own a versatile income-producing property in one of Central Texas's growing communities.

Investor Tools

$248,865Estimated Mortgage Balance
$189,790Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,334 /month
Positive
Cash Flow Estimate:
$778 /month

Interested in this property?

Jessica Hurst

Greater Waco Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,447
$189,790
2025
$18,330
$171,460
$189,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,447
$189,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Open End Mortgage / Open End With Future Advance Clause
$261,569
No
First
Sep 15, 2023
Sep 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$248,865
N/A
0%
131%
$1,569/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,150/mo
$1,569/mo
$-419/mo
7.3%

City: McGregor

602 Washington Street | Property Details | No Agent List