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$478,500

802 & 804 & 0 E Hubbard, Lindale, TX, 75771

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,064 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$449.72 / sqft
Year BuiltBuilt in 1948

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesNone

Building Information

Garage Spaces1

About this property

Located in the rapidly growing city of Lindale, Texas, this ±7-acre tract presents a compelling opportunity for residential development with immediate in-place income. The property is zoned for residential use and includes two existing, tenant-occupied single-family homes, providing stable rental income while future development plans are pursued. 802 is 2bed 1 bath with 1023 sqft on .5 acres; 804 is 2bed 1bath with 1064 sqft on .718 acres. This site is well positioned within a strong East Texas growth corridor, benefiting from increasing demand for housing driven by population growth, expanding employment, and continued commercial development throughout the Lindale area. The property’s size and zoning allow for a range of residential development concepts, including single-family homes or potential subdivision (subject to city approval).

Investor Tools

$0Estimated Mortgage Balance
$478,500Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,871 /month
Positive
Cash Flow Estimate:
$957 /month

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Stephanie Taylor

Prime Capital Real Estate Grou

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Financing Details

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

City: Lindale