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$374,000

602 Washington Street, McGregor, TX, 76657

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths2,108 Sq Ft
DuplexDuplex
price_per_sqft$177.42 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesMultiple Water Heaters
FlooringConcrete, Painted Stained

Exterior

Lot Size8,407 sqft

Building Information

Year Built2019
Stories1
Roof Type105

Land Information

APN341340000661000
Lot Number7
SubdivisionMcgregor Ot
Land UseResidential
Legal DescriptionMCGREGOR OT LOT 7 BLOCK 50 ACRES .193
Census Tract003902
Assessed Land Value$18,330
Assessed Improvement Value$171,460
Assessment Year2025

About this property

Excellent investment opportunity in growing McGregor, Texas! This fully occupied duplex offers immediate income potential with both units currently leased on month-to-month agreements, providing flexibility for future plans. Whether you're looking to expand your investment portfolio or purchase a property where you can live in one unit and rent the other, this duplex offers a variety of possibilities. Conveniently located near major employers, schools, shopping, and local amenities, the property is well-positioned to appeal to a wide range of tenants. Each unit features durable stained concrete floors and granite countertops throughout. Tenants enjoy their own private fenced backyard with a storage building, as well as two dedicated parking spaces per unit. Don't miss your chance to own a versatile income-producing property in one of Central Texas's growing communities.

Investor Tools

$246,755Estimated Mortgage Balance
$189,790Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,244 /month
Positive
Cash Flow Estimate:
$748 /month

Interested in this property?

Jessica Hurst

Greater Waco Realty, Inc.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,090
$189,790
2025
$18,330
$171,460
$189,790
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,090
$189,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank Central Texas
Open End Mortgage / Open End With Future Advance Clause
$261,569
No
First
Sep 15, 2023
Sep 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,755
N/A
0%
130%
$1,569/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,150/mo
$1,569/mo
$-419/mo
7.3%

City: McGregor

602 Washington Street | Property Details | No Agent List