301 Cedar St Unit A Lometa, TX 76853
Estimated payment $860/month
Highlights
- 1-Story Property
- Wood Siding
- Heating Available
About This Home
This is a TURNKEY INVESTMENT PROPERTY.... THERE ARE FOUR CABINS, with about 450 square foot each, and all are rented out and equipped with a fridge and range. It is possible someone could live in one unit while continuing to rent out the other 3. One cabin has been recently revamped. The cabins are two main rooms, each. One room - is a kitchen - living room, second room - is a bedroom and a full bath. They are heated and cooled with an energy-efficient Mini split and cabins are all electric. There is enough room to build more units on the property. Property is located very near the heart of Lometa and not far from the school. Landlord pays water and sewer bill and garbage collection and is responsible for lawn care. Cabins are 10 years old but have had updates since.
Listing Agent
Hoyt Real Estate Brokerage Phone: 325-205-0601 License #0523929 Listed on: 11/27/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $909
Year Built
- Built in 2014
Lot Details
- 0.3 Acre Lot
Parking
- Gravel Driveway
Home Design
- Pillar, Post or Pier Foundation
- Metal Roof
- Wood Siding
Interior Spaces
- 1-Story Property
- Laminate Flooring
- Electric Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Schools
- Lometa Elementary And Middle School
- Lometa High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Legal Lot and Block 1 / 16
- Assessor Parcel Number 6964
Community Details
Overview
- 4 Buildings
- 4 Units
- 2,400 Sq Ft Building
- Fulton Subdivision
Building Details
- Gross Income $21,000
- Net Operating Income $13,600
Map
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 |
|---|---|---|---|---|
| 2025 | $915 | $55,580 | $9,240 | $46,340 |
| 2024 | $942 | $55,580 | $9,240 | $46,340 |
| 2023 | $887 | $54,260 | $7,920 | $46,340 |
| 2022 | $1,068 | $54,260 | $7,920 | $46,340 |
| 2021 | $1,188 | $51,480 | $5,280 | $46,200 |
| 2020 | $1,195 | $51,480 | $5,280 | $46,200 |
| 2019 | $1,250 | $51,480 | $5,280 | $46,200 |
| 2018 | $823 | $33,800 | $1,200 | $32,600 |
| 2017 | $805 | $33,800 | $1,200 | $32,600 |
| 2016 | $805 | $33,800 | $1,200 | $32,600 |
| 2015 | -- | $33,800 | $1,200 | $32,600 |
| 2014 | -- | $33,800 | $1,200 | $32,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | Price Changed | $150,000 | -3.2% | $63 / Sq Ft |
| 12/08/2025 12/08/25 | Price Changed | $155,000 | -3.1% | $65 / Sq Ft |
| 10/30/2025 10/30/25 | Price Changed | $160,000 | -8.6% | $67 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $175,000 | -- | $73 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20786804
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