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$405,000

NAL Estimated Property Value

TBD 45 County Road 309, Tye, TX, 79563

Off MarketInfo

About this property

45-acre property located just outside the city limits of Tye, Texas. 1600 feet of paved road frontage on County Road 324 and 1300 feet on County Road 309, making it an ideal location for a variety of uses. Sun Mountain Water district provides water supply to the property, Mekerl Independent School district. The property carries an agriculture exemption. taxes for 2024 were $150. A local farmer leases 20 acres of the property for winter wheat production, while the remaining 25 acres are in native pasture. The Southwest corner of the property has several giant mature hardwoods and mesquite trees. Two beautiful stock tanks situated on the Eastern side. While the seller reserves 100% of the owned mineral estate, an easement is in place for a producing oil well and tank batteries on the property. The broker's notes confirm that this should not impede the development of the property into lots, especially along County Road 324 and County Road 309. Possible Highest and best use is RV park, Mobile home park, Housing Developement. Buyer to verify water meter availability from Sun Mountain Water Supply.

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Property Icon
$405,000
Estimated Property Value
$0Estimated Mortgage Balance
$405,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

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Financing Details

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

City: Tye

TBD 45 County Road 309 | Property Details | No Agent List