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$3,144,000

NAL Estimated Property Value

TBD Old Hickory Grove Rd. CountyRoad NE, Franklin, TX, 77856

Off MarketInfo

About this property

Investors & Developers, if you are looking for Residential development property in Franklin ISD, this property is a must see, or, if you are wanting a recreational property with current Agricultural exemption, this place will check that box. This 262 Acre tract has approximately 3,500 ft. of frontage on Old Hickory Grove Road. It is 95% wooded with Water Oak, Hickory, Elm, Post Oak, Sycamore, Cedar, and Yaupon & has an abundance of wildlife. Rolling elevation changes of 120 ft. provide multiple beautiful homesites. The Sandy loam soils are a plus for road construction, infrastructure, and housing development. Navasota Valley Electric is on-site, and a Robertson County Water main that will service the 68 reserved meters is being installed along the front. The property is under mineral lease with a full surface waiver preventing any Oil & Gas drilling on this property. Seller will convey all surface rights relating to the Oil and Gas Minerals. Property has an Agricultural tax Exemption in place & is Deed restricted. Seller will provide a new boundary line survey. Travel time is ten minutes to Franklin & about 45 minutes from BCS.

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$3,144,000
Estimated Property Value
$0Estimated Mortgage Balance
$3,144,000Estimated 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
$18,864 /month
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Cash Flow Estimate:
$6,288 /month

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Financing Details

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

City: Franklin

TBD Old Hickory Grove Rd. CountyRoad NE | Property Details | No Agent List