$125,000
●
Mobile Manufactured -
Off Market
906 Turney LN
Smithville, TX 78957
2 Beds
2 Baths,
1
Half Bath
1,680 Ft²
$645
Est. Monthly
19.39%
Cap Rate
About This Property
Discover the potential of 906 Turney Lane, a property that
showcases a spacious lot adorned with matured trees, offering a
serene and private setting. The home includes a versatile flex
space inside and a charming side patio perfect for outdoor
enjoyment. Additionally, an air-conditioned shed on the property
presents a unique opportunity to be transformed into an ADU
(Accessory Dwelling Unit). While the property needs remodeling or
could be replaced with your dream home, it holds immense promise
for those with a vision for redevelopment.
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$74
Property Type
Mobile Manufactured
Property Taxes
$31
HOA Dues
-
Year Built
1972
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Unlock MLS #ACT7320947)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2024 | No longer available | - | |
| No longer available | |||
| Aug 1, 2024 | Listed by Compass RE Texas, LLC | $125,000 | |
| Listed by Compass RE Texas, LLC | |||
| Feb 12, 2024 | No longer available | - | |
| No longer available | |||
| Nov 16, 2023 | Listed by Mike Hightower Realty | $99,000 | |
| Listed by Mike Hightower Realty | |||
| | |||
|
2-bedroom 1 bath home with a bonus room that could be used as a third bedroom on oversized lot. Storage building with electricity and worktable. One block from elementary school. Easy access from Hwy 71 and to Smithville Hospital. Limited traffic as the property sits on a one-way street. Lots of options for use on this property due to zoning. Contact listing agent for additional information. No seller financing available.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Smithville
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Listed by: Bianca Segundo
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-11-07 09:19:08
Data Source: Unlock MLS, MLS# ACT7320947
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-11-07 09:19:08
Data Source: Unlock MLS, MLS# ACT7320947
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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