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$219,000

$239,000

774 Indian Gap, Quitman, TX, 75783

$261,584 ARVInfo
On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,800 Sq Ft
price_per_sqft$121.67 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesGas Range, Electric Range, Dishwasher, Refrigerator, Other
FlooringLaminate, Decorative Concrete

Exterior

Exterior FeaturesOther, Lighting

About this property

Come discover this unique opportunity featuring three separate cabins situated on four lots totaling just over a half acre located within walking distance of Lake Fork! Each cabin is approximately 600 sq ft. Offering plenty of flexibility, this property is ideal for a family retreat, multi-generational living, weekend getaway, or investment opportunity. Situated across from the community boat ramp and fishing pier, enjoying lake life is just steps away. One lot is currently vacant, providing space for a shop, additional cabin, extra parking, or outdoor improvements. Cabin 1, the main cabin, features 2 bedrooms, 1.5 baths, painted concrete floors, rustic custom wood detailing, rock countertops, a wood-burning fireplace, propane range, dishwasher, and central heat and air. A large outdoor deck is perfect for relaxing, grilling, and entertaining. The kitchen armoire and stackable washer and dryer are included. Cabin 2, located behind the main cabin, offers 2 bedrooms, 1 bath with shower, laminate flooring, electric range, electric water heater, electric fireplace, and three window units. Two attached storage buildings provide additional space, including one with full-size washer and dryer hookups. The refrigerator, washer, and dryer are included. There is also a covered patio. Cabin 3, situated across from the main cabin, features 2 bedrooms, 1 bath with shower, laminate flooring, tile countertops, ceiling fans, electric fireplace, electric range, dishwasher, central heat and air, and an additional window unit. The refrigerator is included. There is a large covered patio and an attached 3-car carport that provides convenient covered parking. With three cabins, extra storage, covered parking, and room to grow, this property offers so many possibilities. Bring your ideas and make this unique lake-area property your own! Schedule your private tour today to see what all this property has to offer!

Investor Tools

$0Estimated Mortgage Balance
$159,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$261,584
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,314 /month
Positive
Cash Flow Estimate:
$438 /month

Interested in this property?

Lisa Davis

Fathom Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$88/month
$52/month
5.947%

City: Quitman

774 Indian Gap | Property Details | No Agent List