NOT LISTED FOR SALE

2910 San Jacinto Rd Temple, TX 76502

Midway Neighborhood

Estimated Value: $202,000 - $597,000

3 Beds
2 Baths
7,297 Sq Ft
$42/Sq Ft Est. Value

Last Sold February 26, 2021

Current estimated payment $1,564/month

343 Days on Market

Highlights

  • 39,800 Sq Ft lot
  • Fireplace
  • East Facing Home
  • Corner Lot
  • Window Unit Cooling System
  • Wood Siding

About This Home

As of February 2021

5 homes plus 2 garage apartments totaling 7,297 net rentable SF. Actual 8 CAP. All units within 2 MI of Baylor Scott and White. 100 percent rented. All tenants long term. All month to month. No rent increases in several years. All utilities paid by tenants. Opportunity to improve cash flow, income and CAP with moderate rent increases. Any or all properties appear to be excellent flip potential. All zoned either SF-2 or SF-3. All in Temple ISD. All in Temple City Limits. None in flood zones. Sold ONLY as a package.

Investment Profile: $46,367 Net Operating Income. $17,313 Net Cash Flow. 7.99% CAP rate. 11.25% 1st year cash-on-cash. 1.60 Debt Service Coverage Ratio. Very low risk of market decline for all properties. Valuation increase projections for 2826 Bowie & 2910 San Jacinto: 3.2% 1 year trend and 7.4% 3 year trend. Valuation increase projections for 119 S 23rd ST, 815 S 23rd, 902 S 27th, 902½ and 904 S 27th: 4.7% 1 year trend and 11.3% 3 year trend.

Last Agent to Sell the Property

Diane Alexander

ALEX License #0574877 Listed on: 02/18/2020

Last Buyer's Agent

Nonmls

Houston Association of REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,967

Year Built

  • Built in 1985

Lot Details

  • 0.91 Acre Lot
  • Lot Dimensions are 45x100
  • East Facing Home
  • Corner Lot
  • Cleared Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 7,297 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Raye-Allen Elementary School
  • Bonham Middle School
  • Temple High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Wall Furnace
  • Window Unit Heating System

Community Details

Overview

  • 7 Units
  • Cimarron Phase Ii Subdivision

Building Details

  • Operating Expense $18,373
  • Gross Income $64,740
  • Net Operating Income $46,367

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,967

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Directions: Travel east from I-35 N at TX-53 E/Airport RD/W Central AVE 0.4 MI Turn right (S) on S 23rd ST to 119 S 23rd ST 0.1 MI Contact Office for Driving Directions Tour to other 4 properties
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 1985
  • Lot Size: 45x100
  • Subdivision Name: CIMARRON PHASE II
  • Unit Levels: Two
  • New Construction: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Laminate, Carpet
  • Interior Amenities: Fireplace, Laminate Counters
  • Living Area: 7297.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Disclosures: Seller Disclosure
  • Exclusions: None
  • Roof: Composition
  • Lot Features: Cleared, Corner Lot
  • Construction Type: Brick, Other, Wood Siding
  • Direction Faces: East

Utilities

  • Utilities: Electricity Available, Water Available
  • Cooling: Central Air, Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit, Wall Furnace
  • Heating Yn: Yes

Schools

  • Elementary School: RAYE-ALLEN ELEMENTARY SCHOOL
  • Junior High Dist: 99 - Other
  • High School: TEMPLE HIGH SCHOOL
  • Middle Or Junior School: BONHAM MIDDLE SCHOOL (TEMPLE)

Lot Info

  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10967.0

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 64740.0
  • Property Net Operating Income: 46367.0
  • Annual Operating Expense: 18373.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2018
Sold by
Laughlin Ed L and Laughlin Sharon L
Bought by
Laughlin Real Estate Management Llc
Current Estimated Value
$212,543

Purchase Details

Closed on
Mar 22, 2011
Sold by
Boyd Kevin A and Boyd Umekia T
Bought by
Laughlin Ed L and Laughlin Sharon L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Laughlin Real Estate Management Llc -- None Available
Laughlin Ed L -- Fct
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boyd Kevin A $69,589
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold -- -- --
01/27/2021 01/27/21 Pending -- -- --
02/18/2020 02/18/20 For Sale $580,651 -- $80 / Sq Ft
Source: Houston Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,814 $205,850 $28,000 $177,850
2023 $4,514 $196,904 $20,000 $176,904
2022 $3,887 $162,337 $15,000 $147,337
2021 $3,424 $133,428 $6,075 $127,353
2020 $3,029 $112,897 $6,075 $106,822
2019 $2,972 $108,749 $6,075 $102,674
2018 $2,680 $97,224 $6,075 $91,149
2017 $2,569 $93,847 $6,075 $87,772
2016 $2,345 $85,638 $6,075 $79,563
2015 $2,203 $85,046 $6,075 $78,971
2014 $2,203 $83,740 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Houston Association of REALTORS®

MLS Number: 998066

Houston Association of REALTORS®

APN: 110065