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$199,000

440 State Highway 188, Aransas Pass, TX, 78336

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,954 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$67.37 / sqft
Year BuiltBuilt in 1984

About this property

Investment opportunity on approximately 2 acres with State Highway 188 frontage in Rockport, TX. Property includes a 3-bedroom, 2-bath brick home with attached garage, workshop with loft and bathroom, six existing RV hookups, and a roadside billboard. Additional structures previously used as rental units are in poor condition and will require demolition or extensive rehabilitation. Potential uses include RV park, boat/RV storage, or redevelopment. The billboard lease previously generated $1,000 annually; the lease term has expired, presenting a potential opportunity to renegotiate terms and rental income. Property sold AS-IS. Buyer to verify all utilities, restrictions, permitted uses, lease status, and condition of improvements

Investor Tools

$0Estimated Mortgage Balance
$199,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

Interested in this property?

Elizabeth Giguere

Resi Realty, LLC

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Financing Details

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

City: Aransas Pass

440 State Highway 188 | Property Details | No Agent List