Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$179,000

3673 FM 103, Nocona, TX, 76255

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths7,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$25.57 / sqft
Year BuiltBuilt in 1924

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesNone

About this property

Designed by renowned Texas Architecture firm Voelcker & Dixon, the 7,000 square foot 1924 Spanish Fort High School is a testament to building practices that have stood the test of time. From its double brick walls, inch-thick plaster, vertical grain heartwood pine floors, this building is solid and ready for its next life. The fully fenced 2.6 acre property is nestled in the North Texas Hill Country and within thirty minutes of Saint Jo, Nocona, three different wineries, and Red River Station concert venue. Several events throughout the year bring in thousands of tourists from across the region. With six classrooms ranging from 400-500 square feet and a 2,400 square foot auditorium and stage, this would make a great concert venue, wedding venue, boutique hotel or an additional winery as the property lies within the Texoma American Viticulture Area and soil samples have already been analyzed by Texas A&M. Underground 200 amp electric has been added along with a new service panel. A small room and bathroom make it possible to stay overnight. Water is currently supplied by rain water catchment and high speed internet is active at the building. There is a well and septic but both systems should be considered in need of replacement. A copy of the original blueprints is available and will convey with the sale. Listing broker is the owner of the property.

Investor Tools

$0Estimated Mortgage Balance
$179,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,074 /month
Positive
Cash Flow Estimate:
$358 /month

Interested in this property?

Richard Notgrass

Market Primed RE Solutions

ContactContact

Want alerts when something changes with this property?

Financing Details

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

City: Nocona

3673 FM 103 | Property Details | No Agent List