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General Description
minimize$590,000 Official Appraised After-Repair Value. Appraiser estimates that over $63,000 in yearly net operating income will follow rehab and stabilization. Valuation can be increased even further through the installation of a billboard. Contact agent for a copy of recent appraisal. Over $20,000 worth of interior demolition and junk removal has been completed. This is a wonderful opportunity for yield-seeking investors due to local 9% cap rates. The property boasts of a total of 7,870 square feet. The left retail store has 2,100 square feet. Building Two contains 3,420 square feet of retail/flex space. The front top-level apartment contains 1,200 square feet with a spacious balcony. The back apartment contains 1,150 square feet. The .70 acre lot is fenced in and is zoned without restrictions. The prospect of long-term appreciation is aided by the adjacent lot containing a truck stop and a fast-food restaurant under development. A must see!
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
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Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $15.75 | $123,929 | 4.18% | $123,929 | 4.18% |
| 2022 | $15.12 | $118,959 | 4.87% | $118,959 | 4.87% |
| 2021 | $14.41 | $113,432 | 1.97% | $113,432 | 1.97% |
| 2020 | $14.14 | $111,245 | 0.00% | $111,245 | 0.00% |
| 2019 | $14.14 | $111,245 | 0.25% | $111,245 | 0.25% |
| 2018 | $14.10 | $110,964 | $110,964 |
2023 Polk County Appraisal District Tax Value
| Market Land Value: | $17,010 |
| Market Improvement Value: | $106,919 |
| Total Market Value: | $123,929 |
2023 Tax Rates
| POLK COUNTY: | 0.5830 % |
| CORRIGAN ISD: | 0.9363 % |
| Total Tax Rate: | 1.5193 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 535 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 157 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimizeFacts (Based on Active listings)
Schools
minimizeSchool 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.
ASSIGNED SCHOOLS
Excellent | 
Good | View Nearby Schools ↓
Property Map
minimize11971 US Highway 59 Hwy N Livingston TX 77351 was recently sold. It is a 7,870 SQFT, in Joseph Scates Surv A-69.
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