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$79,900

1218 E Milam St, Mexia, TX, 76667

$95,832 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$102.44 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesElectric Range

About this property

INCOME POTENTIAL - TENANT OCCUPIED PROPERTY, MEXIA, TX This property is situated on the south side of Hwy 84 or Milam Street in Mexia, Texas. Currently there is a paying Tenant in place - property is perfect for an Investor. Selling AS IS this 2 bedroom, 1 bath property potentially has future Commercial potential along the Highway. Milam Street will be expanding to a total of 5 lanes from Whataburger to past Wal-Mart. The future turn lane will allow traffic to have easier access to businesses along the street.

Investor Tools

$0Estimated Mortgage Balance
$88,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$95,831
Rent-to-Value Ratio: 0.72%
Rent Estimate
$528 /month
Positive
Cash Flow Estimate:
$176 /month

Interested in this property?

Mitzi Eves

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$117/month
No HOA
5.947%

City: Mexia

1218 E Milam St | Property Details | No Agent List