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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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802 Cadwell , Yoakum, TX 77995
$67,500
Est. Payment: $341.32/mo
2 Bed
1 Bath
608 Sqft
Status: active | Days on site: 67
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jeannette Spinelli
Broker Associate & Founder

House Description

This unique dual-home property is a dream for investors or buyers seeking an advantage in 2026’s competitive rental market. With one home nearly ready for a tenant and a second home offering massive renovation potential, you can generate immediate cash flow while building long-term equity. Both homes face Jordan street and there is room to build another home or apartment complex on the corner of this massive lot. Home 1 (2 Bed / 1 Bath): 95% Rental Ready This unit is the property's workhorse. It features a spacious 2-bedroom layout and requires only minor finishing touches before it can be listed for rent. In the current 2026 market, 2-bedroom standalone rentals are in high demand, offering an income stream from day one. Home 2 (1 Bed / 1 Bath): The "Diamond in the Rough" Located on the same lot, this detached 1-bedroom home needs extensive work. It is the perfect project for a contractor or DIY enthusiast to customize into a premium "casita" or ADU (Accessory Dwelling Unit). Once renovated, this unit can serve as a second rental, a private guest house, or a dedicated home office. Additionally, the two properties feature a spacious corner lot equipped with water and electrical hookups, ready for the construction of a home or an apartment complex. Double Income Stream: Standalone units typically command higher rents than traditional apartments or duplexes because they offer private yards and no shared walls. Built-in Equity: Purchase at a fixer-upper price point and realize significant value gain as you complete the second home's transformation. As of early 2026, small multi-unit properties (2-4 units) are considered one of the strongest asset classes for individual investors due to the ongoing housing shortage and high demand for flexible living spaces. Sold As-Is. Cash or renovation-style loans are highly recommended. Don't wait for the renovation to be done—buy the potential today! Schedule your showing now.

Highlights

Listed by Elizabeth Williams , (361) 920-1190 Manning Real Estate Group , 361-571-1851. Central Texas MLS

Property Type

Residential

Lot/Acreage
0.37

Year Built

1950

County

DeWitt

School District

Yoakum ISD

Listing ID

604022

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:1
  • Full Bathrooms:1
Floor:Laminate
Other:Ceiling Fan(s)
Other:Public

Exterior Features

Roof:Composition,Shingle
Principal Interest
$341
Taxes
$43

Home Price

$67,500

Loan Details

30 yrs
6.5%

Down Payment

20%
$13,500
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$341.32

Principal

Taxes

Principal Taxes HOA Total
Monthly $341.32 $43.03 $0.00 $384.35
Yearly $4,095.80 $516.38 $0.00 $4,612.18
Total $122,874.02 $15,491.25 $0.00 $138,365.27

Today's Rates

30 Year

6.5%

20 Year

6.2%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Yoakum, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Central Texas MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-20T21:06:36.000Z

© 2026 Central Texas MLS