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$685,000

465 County Road 3181, Cleveland, TX, 77327

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,248 Sq Ft
price_per_sqft$548.88 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh Equity

About this property

100% occupied income producing property! 12.8 Acres of unrestricted property which includes a 3/2 1248 SF manufactured home, 2/1 1365 SF home and a 600 SF workshop that has partial concrete, electrical and water! 13 mobile home spots that are owner occupied - they are just leasing the spaces. Unlimited potential on what you can do with the remaining property which is fully wooded. Ideas include adding additional spaces for more mobile homes, RVs or tiny homes. You could also build your dream home in the back as there is plenty of private wooded space! Property is conveniently located just off Hwy 105 E and minutes from downtown Cleveland as well as the Bypass putting you on IH 69. One of the tenants manages the property and it is meticulously maintained! Property has 1 well and 4 septic systems. If you are looking to start your investment portfolio or add to it, this is a great opportunity for you to do so! Overhead expenses are VERY LOW. This property will be profitable from day 1.

Investor Tools

$0Estimated Mortgage Balance
$102,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,110 /month
Positive
Cash Flow Estimate:
$1,370 /month

Interested in this property?

Judith Hayes

Designed Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$72/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$355
$23,310
2025
N/A
$23,310
$23,310
No

Tax History

Year
Tax Paid
Assessed Value
2024
$355
$23,310

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$102,000
100%
0%
$0/mo

City: Cleveland