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$169,000

106 Mockingbird Ln, Gilmer, TX, 75645

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,411 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.77 / sqft

About this property

HELLO, POTENTIAL! If you’ve been looking for a property with options, this one has plenty! Situated on just under an acre across two lots in an established neighborhood, this 3 bedroom, 1 bath ranch-style home is ready for someone with vision to take it to the next level. Inside, you’ll find a spacious, open living and dining area, along with a kitchen renovation already underway and ready to be completed. Updates throughout the home include some electrical and lighting updates, along with updated tile flooring and tub surround in the bathroom. A bonus sunroom offers additional flexible space. The former 2-car garage is currently open and being used as a carport, creating another opportunity to make the space work for your plans.Continue using it for covered parking, add a garage door to return it to an enclosed garage, or explore converting the space into additional living area. And the possibilities don’t stop with the house! The large corner property spans two lots, giving the next owner plenty of elbow room or additional possibilities for the second lot. Renovate and make it your own, fix and flip, create a rental property, or potentially retain the additional lot for a future spec home or separate sale, subject to applicable restrictions and approvals. With multiple avenues to add value, this is the kind of property where a little vision could go a long way. Property is being sold AS IS and renovations are currently incomplete. Bring your ideas and come see the potential foryourself!

Investor Tools

$0Estimated Mortgage Balance
$138,140Estimated 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
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

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Sarah Bell

Texas Real Estate Executives

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$293/month
No HOA
5.947%

City: Gilmer

106 Mockingbird Ln | Property Details | No Agent List