27
Map
Tract 3 County Road 425
About This Property
Explore these prime, unrestricted lots. They offer level, gently sloping land, ensuring excellent drainage away from the property without concerns about floodplains. Each lot is a clean, rectangular shape (no flag lots) and offers outstanding flexibility for residential, agricultural, or investment use.
Currently farmed for corn to maintain the agricultural (Ag) exemption.
A water meter from Southwest Milam Water has been installed.
Oncor Electric is available - free installation up to 300 feet. The seller has installed the driveway entrances.
Owner financing offered - a rare chance to secure land with flexible terms.
Enjoy peaceful country surroundings, wide-open views, and the freedom to build your dream home, hobby farm, or investment project. Don't miss this incredible opportunity to own your slice of Texas!
(The seller may assess a one-time premium for owner financing.)
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 29, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 14, 2025 | Listed by All City Real Estate Ltd. Co | $285,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017