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$500,000

1210 Fm 667, Purdon, TX, 76679

On MarketInfo
Just AddedInfo
Beds6 Beds
Baths6 Bath
Baths1,800 Sq Ft
price_per_sqft$277.78 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 6Bathrooms 6
AppliancesDishwasher, Electric Range
FlooringCarpet, Vinyl

Exterior

Lot Size36,111 sqft

Building Information

Year Built1967
Stories1
Roof Type114

Land Information

APN48137
SubdivisionT Wright Abst
Land UseCommercial
Legal DescriptionABS A10820 T WRIGHT ABST TRACT 34 .829 ACRES (190 X 190) (190 X 190)
Census Tract970400
Assessed Land Value$33,160
Assessed Improvement Value$160,960
Assessment Year2025

About this property

Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth. Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer’s Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing.

Investor Tools

$0Estimated Mortgage Balance
$154,128Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,608
$154,128
2025
$33,160
$160,960
$194,120
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2025
$2,608
$154,128

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$154,128
100%
0%
$0/mo

City: Purdon