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Sold 76067 Mineral Wells

501 NW 6th St

Mineral Wells, TX 76067

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Sold

$627,001 - $717,000

Sold on April 08, 2022

15 Bedroom(s)

14 Full Bath(s)

0.27 Lot Acres

Multi-Family - 5 Plus

18 Day(s) on HAR.com

Home value comparables

Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

Current Valuations

Home Value Comparables

AVM Value $506K
Value Range $ 506,400
Confidence Score NA

$506K

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Zestimate Home Values are provided by Zillow, Inc. Use is subject to Zillow Terms of Use and are provided as-is, as-available.

Description

Value add investment opportunity! 7 units; six 2 bed 2 bath, one is 3 bed 2 bath, walking distance to The Baker & Crazy Hotels. With the plans for Mineral Wells to be the Branson of TX this could be a short term rental cash cow! 4 units have all new plumbing, electric, flooring, kitchens, baths, everything new. All 7 have new windows. HVAC's have been serviced & all in good working order. Separate meters. 2 of the units are leased @ $1200 a month. This price is if sold as is with 2 units complete, 2 just need knock out items & appliances to have $5000 coming in while completing. 3 of the units are gutted and ready for your ideas! Most of the finish out materials are there for the other 3 units. They are U shape with what could be a really cool courtyard. We are planning for $8600 in rents for long term and more for short term. If you were all in at $900k with your mortgage that is over $3500 a month net profit, 8.6% cap and 11.24% cash on cash return. MLS map takes you to 501 NE 6th.

MLS#

NTREIS-20009036

Sold Price Range

$627,001 - $717,000

Listing Status

Sold

Address

501 NW 6th St

City

Mineral Wells

State

Zip Code

76067

County

Palo Pinto County

Subdivision

Wiggins Add

Legal Description

ACRES 0.273 WIGGINS BLK 7 SUB 2 LOT EAST PART

Property Type

Multi-Family - 5 Plus

Bedroom

15 Bedroom(s)

Bath

14 Full Bath(s)

Stories

Year Built

9999 / Appraisal District

Lot Size

0.27 Lot Acres./Appraisal District

Property map

Street
view

Get
directions

Sherry Patterson

Aspire Investments LLC

Call

Exterior

Roof

Composition

Foundation

Pillar/Post/Pier

Private Pool

Exterior Type

Brick, Siding

Parking

Common, Open

Utility

City Sewer, City Water

Interior

Cooling

Central Air

Heating

Central, Natural Gas

Appliances

Dishwasher, Electric Range, Refrigerator

Interior

Cable TV Available, Decorative Lighting, Paneling

Lot information

Lot Size

0.27 Lot Acres /Appraisal District

Street View Map View Satellite View

Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Property tax

Cost/Sqft based on tax value

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Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

LIST PRICE

DOWN PAYMENT

Amount

Percentage

Loan Term

Months

Years

Annual Interest Rate Estimated Monthly Principal & Interest

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Estimated Monthly Property Tax

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More Options

Monthly Homeowner's Insurance Monthly PMI (Private Mortgage Insurance) Monthly HOA fees

Full Page

Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.