NOT LISTED FOR SALE

301 S 3rd St Wortham, TX 76693

Estimated Value: $166,000 - $613,000

19 Beds
10 Baths
7,564 Sq Ft
$58/Sq Ft Est. Value

Last Sold April 03, 2024

Current estimated payment $2,524/month

51 Days on Market

Highlights

  • Covered Patio or Porch
  • Board and Batten Siding
  • Central Heating and Cooling System
  • Ceramic Tile Flooring

About This Home

As of April 2024

Calling all investors! OWNER FINANCE AVAILABLE! This 10 unit apartment complex is an exceptional income producing property. With nine 2 bedroom, 1 bathroom and one 1 bedroom, 1 bathroom units all currently occupied except one of the 2 bedroom units. All units have been well maintained, each featuring a spacious layout, kitchen appliances and good sized closets. Additionally, you’ll find plenty of parking for tenants and an open outdoor space with mature shade trees surrounding the property. Just minutes from downtown Wortham giving you easy access to restaurants, shopping and more. Don’t miss your chance, take advantage of this opportunity and add this gem to your rental portfolio today!

Last Agent to Sell the Property

Courtney Neiman

Premier Realty Brokerage Phone: 903-205-1555 License #0641859 Listed on: 01/16/2024

Premier Realty

Last Buyer's Agent

Courtney Neiman

Premier Realty Brokerage Phone: 903-205-1555 License #0641859 Listed on: 01/16/2024

Premier Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,186

Year Built

  • Built in 1980

Lot Details

  • 0.46

Home Design

  • Slab Foundation
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 7,564 Sq Ft Home
  • 2-Story Property
  • Decorative Lighting

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Parking Lot
  • Outside Parking

Schools

  • Wortham Elementary And Middle School
  • Wortham High School

Additional Features

  • Covered Patio or Porch
  • 0.46 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 7,564 Sq Ft Building

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 24981

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,186

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 54572
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 72.71285
  • Attribution Contact: 903-205-1555
  • Special Features: None
  • Year Built: 1980

Interior Features

  • Square Footage: 7564.00
  • Interior Amenities: Decorative Lighting
  • Flooring: Ceramic Tile, Linoleum
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator

Beds/Baths

  • Full Bathrooms: 10
  • Total Bedrooms: 19

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Board & Batten Siding, Other
  • Exterior Features: Covered Patio/Porch

Garage/Parking

  • Cooling System: Central Air, Other
  • Number Of Parking Spaces: 10
  • Parking Features: On Site, Outside, Parking Lot
  • GarageYN: No

Utilities

  • Heating: Central, Electric, Other
  • Utilities: City Sewer, City Water, Electricity Connected

Condo/Co-op/Association

  • Complex Name: Oak Ridge Apartments
  • Association Type: None

Schools

  • School District: Wortham ISD
  • Elementary School: Wortham
  • Middle School: Wortham
  • High School: Wortham
  • School District: Wortham ISD
  • Elementary School: Wortham

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.4590
  • Parcel Number: 24981
  • Lot Size Acres: 0.4590
  • Lot Size Sq Ft: 19994.0400

Building Info

  • Year Built: 1980
  • Units Total: 10

Multi Family

  • Gross Annual Expenses: 37840.00
  • Gross Annual Income: 92413.00

Tax Info

  • Tax Lot: 13

MLS Schools

  • Middle School Name: Wortham
  • Elementary School Name: Wortham
  • High School Name: Wortham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Apr 3, 2024
Sold by
Tx Rural Investing Fund No 1 L
Bought by
W & J Apartments Llc
Seller's Agent
Courtney Neiman
Premier Realty
Buyer's Agent
Courtney Neiman
Premier Realty
List Price
$795,000
Views
57
Current Estimated Value
$439,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.84%

Purchase Details

Closed on
Apr 22, 2022
Sold by
Wood Phillip C
Bought by
Dead 8 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.38%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
W & J Apartments Llc -- Navarro County Abstract
Dead 8 Investments Llc -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner D8 Holdings Llc $70,000
Previous Owner Dead 8 Investments Llc $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2024 04/03/24 Sold -- -- --
03/08/2024 03/08/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $749,000 -5.8% $99 / Sq Ft
01/16/2024 01/16/24 For Sale $795,000 -- $105 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $2,186 $0 $0 $0
2023 $2,186 $0 $0 $0
2022 $2,186 $0 $0 $0
2021 $2,378 $103,750 $0 $0
2020 -- $102,175 $0 $0
2019 -- $87,796 $0 $0
2018 -- $0 $0 $0
2017 $3,500 $145,405 $1,970 $143,435
2016 $3,500 $145,405 $1,970 $143,435
2015 -- $148,154 $1,970 $146,184
2014 -- $148,154 $1,970 $146,184
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20512570

North Texas Real Estate Information Systems (NTREIS)

APN: 24981