1 year on rocket

83 Roots Rd, Martindale, TX, 78655

$875,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,788 SqFt
$314/SqFt
Multi

Location

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83 Roots Rd, Martindale$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOutside, See Remarks, Varies by Unit
Garage6 spaces
Year Built1972
HeatingOther
CoolingCeiling Fan(s), Other
ViewPond, Rural
MLS #7572048
Lot Size3.00 Acres
StatusActive

About 83 Roots Rd

Rare turn key investment property! Income producing mobile home park for sale: total of three acres with 6 units. With no restriction or zoning, this 100% occupied property is at 7.5% Cap Rate! This low maintenance cash flow property is located minutes away from Toll 130 & IH-35 and nearby big franchises. Surveys for each parcel available. Even with gross income of $8294 monthly, there's room for higher income to meet the market!

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Stories: 1
  • Living Area: 2,788 SqFt

Listing Office:

  • Office Name: Land Up Realty & Investments
  • Office Phone: (512) 655-2807
  • Listing Agent: Neha Rabbani

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Laminate
  • Interior: Ceiling Fan(s), Main Level Primary, Open Floorplan

Exterior Features

Exterior Information:

  • View: Pond, Rural
  • Exterior: Private Yard, See Remarks

Parking Information:

  • Garage Space: 6 spaces
  • Parking: Outside, See Remarks, Varies by Unit

Lot Features

Lot Information:

  • Lot: Cleared, Open Lot, Few Trees
  • Lot Size: 3.00 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Ceiling Fan(s), Other

Other

Directions Information:

  • Directions: From I35S, turn left onto TX-80S/E Hopkins St. Turn left onto W Ridge Rd then onto Ridge Loop. Turn left onto Roots Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $314/SqFt
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Housing Market Comparison

See how this home compares to others in Martindale, TX.

Med. List Price

$399K

Med. Price/SqFt

$253

Avg. Days On Market

181

# of Sold Homes

2

83 Roots Rd vs Martindale

563 DAYS ON ROCKET

+382 Days

$875,000

+$476K More

$314/SqFt

+$61 More

KEY TAKEAWAY

This property is $476K more than the Median List Price and $61/SqFt more than other homes in Martindale, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ACTRIS
  • MLS Number: #7572048

Listing Office:

  • Office Name: Land Up Realty & Investments
  • Office Phone: (512) 655-2807
  • Listing Agent: Neha Rabbani

IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2024 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/23/2024, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1237804
6
/10
  • Bluebonnet Elementary School

  • 211 Mockingbird Ln

  • 6.93 miles

  • Public District Grades KG-5

school-card-donut-1237805
5
/10
  • Hemphill Elementary School

  • 3995 E FM 150

  • 7.05 miles

  • Public District Grades PK-5

school-card-donut-1237806
6
/10
  • Clear Fork Elementary School

  • 1102 Clearfork St

  • 7.56 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,851. Most Martindale, TX residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesTexasCaldwell CountyMartindale7865583 Roots Rd

This home is located at 83 Roots Rd in Martindale, TX and zip code 78655. This 2,788 square foot home, which was built in 1972, sits on a 3.00 acre lot. It has been listed on Rocket Homes since June 09, 2023 and is currently priced at $875,000.

In November 2024 in Martindale, TX there were 7.7% less homes for sale than in October 2024. While the average time on the market in November 2024 was 181 days, the median list price was $399,000.

From Rocket Homes Real Estate and based on county public records data.

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