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$175,000

$197,000

907 Buck Street, Gainesville, TX, 76240

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About this property

BUILDERS & INVESTORS, RARE DEVELOPMENT OPPORTUNITY! Take advantage of this unique opportunity to own approximately HALF of a city block with generous road frontage on three sides. This property offers excellent potential to be subdivided into four residential building lots, making it an attractive opportunity for builders, developers, or investors. Beautiful, mature trees, ample road frontage, and a convenient location for commuters add to the property’s appeal. At approximately $43,750 per proposed lot, the numbers make sense for those looking for their next residential development project. Build, develop, or hold for future investment opportunities like this are hard to find! Buyer and Buyer's Agent to verify all development requirements.

Investor Tools

$0Estimated Mortgage Balance
$175,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

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Financing Details

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

City: Gainesville

907 Buck Street | Property Details | No Agent List