1201 CR 463
About This Property
This 2-bedroom, 1-bath home has already had some of the big-ticket improvements completed, including new electrical, new plumbing, new mini-split heating and cooling systems, and a durable metal roof! The remodeling has been started, leaving you the opportunity to add your personal finishing touches, create something special, and potentially build sweat equity along the way.
Outside, you'll find 3.6 acres of country freedom! There's plenty of space for horses, livestock projects, a large garden, a future workshop, or simply enjoying the peace and quiet of rural Texas. A wet-weather creek winds through the property, adding character and natural charm. An excellent water well with a Culligan water system is another valuable feature!
Enjoy the best of both worlds with peaceful country surroundings and the conveniences of De Leon just minutes away. Affordable acreage, major improvements already underway, and endless potential make this one worth a serious look!
PRICED TO MOVE! Opportunities to create your own country retreat don't come along every day. Bring your vision, roll up your sleeves, and turn this property into something truly special. Schedule your showing today before someone else sees the potential!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2026 | Listed by Faith & Legacy Realty | $110,000 | |
| Listed by Faith & Legacy Realty | |||
| Jan 22, 2020 | No longer available | - | |
| No longer available | |||
| Sep 8, 2019 | Price Decreased |
$49,500
↓ $5K
(9.2%) | |
| Price Decreased | |||
| Jul 2, 2019 | Listed by Cogburn Realty | $54,500 | |
| Listed by Cogburn Realty | |||
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Located approx. 4 miles west of De Leon, just off FM 587 on CR 463: The home is a 2 bedroom, 1 bath frame structure with 832 sq. ft. of living area and includes a metal roof. There is a water well, a small detached carport, and the property is fenced. Home does need some work. Nice small acreage not far out of town! The manager has listed the unit size as 832 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017