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$88,000

Colette Farms Tract 9 ±11ac, Canyon, TX, 79015

$92,400 ARVInfo
On MarketInfo
Just AddedInfo
Beds— Beds
Baths— Bath
Baths479,160 Sq Ft
price_per_sqft$0.18 / sqft

About this property

Discover the opportunity to own a ±11-acre homesite parcel just 4 miles west of Canyon, Texas, with paved access directly off FM 1062. These spacious tracts offer the opportunity to build a custom home in a peaceful rural setting while remaining conveniently located near Canyon and Amarillo. Tract 6 includes an existing water well, and Tracts 6 & 11 include existing culverts providing access from FM 1062. Tracts 5 & 7-11 are otherwise unimproved aside from fencing along the north and south boundaries. Electric is available, and each homesite will utilize a private well and septic system. Surrounding well logs range from approximately 150 to 580 feet in depth, with area wells indicating water production from both the Ogallala and Santa Rosa aquifers, offering encouraging groundwater potential for future homesites. The property is currently planted in wheat, with any tenant lease buyout to be negotiated as part of the sale. Deed restrictions include single-family residential use, no mobile or manufactured homes, a minimum 1,500-square-foot residence, underground utilities, and the ability to keep livestock so long as they do not create a nuisance or excessively overgraze the property. Lots may not be subdivided, and commercial, industrial, and manufacturing uses are prohibited. Full deed restrictions attached in the link below. With acreage, paved access, available electricity, private well and septic potential, and a convenient location just west of Canyon, these tracts offer an excellent opportunity to build a rural homesite with room to spread out.

Investor Tools

$0Estimated Mortgage Balance
$88,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$92,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$528 /month
Positive
Cash Flow Estimate:
$176 /month

Interested in this property?

JT Haynes

Triangle Realty, LLC

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Financing Details

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

City: Canyon

Colette Farms Tract 9 ±11ac | Property Details | No Agent List