$1,395,000
$320K PRICE INCREASE

505 Bub Hayner Rd Karnack, TX 75661

Estimated payment $7,417/month

Total Views 694
7.7 Acres
$181,169 Price per Acre
335,412 Sq Ft Lot

About This Lot

Caddo Lakefront Apartments Complex, Private Boat Ramp, 4 RV sites and 2 HOMES!!

9 Unit Apartment Style Townhomes and a home, all Located on Caddo Lake! NO HOA!
2 homes, 4 RV pads and fishing pier and priavte boat ramp. Room to add more units. No restrictions and situated on 7.7+/- acres

UNIT 1 : 3/2 rented at $1250 renovated 2024

UNIT 2 : 3/2 rented at $895 renovated 2022

UNIT 3 : 1/1 rented at $650 (manager lives discounted rent)-wants to stay

UNIT 4 : 3/2 rented at $1050 renovated 2024

UNIT 5 : 2/1 rented at $895 renovated 2024

UNIT 6 : 2/2 rented at $950

UNIT 7 : 1/1 rented at $700 renovated 2024

UNIT 8 : 2/2 rented at $ 950 renovated 2024

UNIT 9 : 1/1 rented at $720 renovated 2024

HOUSE : 3/2 rented at $800 partly renovated 2024

4 RV sites, currently vacant. Proforma 400 per monthX 4= 1600 per month.

2 homes, 1500 per month and 1800 per month. One of homes went vacant on August 1st, so could be owner occupied and was recently remodeled.

TOTAL CURRENT ACTUAL MONTHLY GROSS $10,360

TOTAL YEARLY GROSS $ 125,000

Mowing : $3000

Trash : $2800
Insurance( currently none) anticipated 10K per annum

Proforma monthly- 13,760
Proforma annual- 165,120

Proforma NOI- 136,000

Perfect for owner operator or investors!

Newly Renovated and offering seller financing for qualified buyers!

Information enclosed deemed reliable but not guaranteed by listing broker. Buyer is responsible for his or her own due diligence. Listing broker cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.Turn Key property group and its affiliates do not assume any legal liability for the accuracy of the enclosed information regarding subject listing. DO NOT DISTURB, SHOWINGS by appointment only. This is a fully occupied property.

Travis Turner, Broker

254-855-6430

Listing Agent

Travis Turner

Turn Key Property Group, Land and Commercial Division Listed on: 04/09/2025

Listing Provided By

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $601

Property Details

Property Type

Land

Est. Annual Taxes

$601

Listing Details

  • Office Phone: 430-255-5468
  • Listing Website: https://www.land.com/property/505-bub-hayner-road-karnack-texas-75661/23147408/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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Average Value
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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

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 $601 $126,790 $11,100 $115,690
2024 $946 $83,160 $13,000 $70,160
2023 $792 $79,520 $13,000 $66,520
2022 $963 $77,330 $11,020 $66,310
2021 $976 $68,670 $11,020 $57,650
2020 $720 $50,640 $11,020 $39,620
2019 $766 $51,650 $10,810 $40,840
2018 $770 $52,120 $10,810 $41,310
2017 $765 $51,380 $10,810 $40,570
2016 $763 $51,190 $10,810 $40,380
2015 $525 $50,440 $10,810 $39,630
2014 $536 $51,570 $10,810 $40,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2025 08/04/25 Price Changed $1,395,000 +29.8% --
04/09/2025 04/09/25 For Sale $1,075,000 -- --

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $531,250 Purchase Money Mortgage
Source: Public Records
Texas Harrison County Karnack 75661

505 Bub Hayner Rd, Karnack, TX

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes
Travis Turner
Listing Agent
Travis Turner
Section Image
Turn Key Property Group, Land and Commercial Division
(430) 255-5468