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Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,870 sqft
Price per Sqft $17
Subdivision Joseph Scates Surv A-69
MLS Listing ID 17527970
Sold Date 09/28/23
Style Fourplex
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1966
Annual Tax Amount $2,006
Tax Year 2022
Property Sub-Type Quadruplex
Property Description
$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!
Location
State TX
County Polk
Area Livingston Area
Interior
Interior Features Balcony
Heating None
Cooling None
Flooring Concrete, Wood
Equipment Satellite Dish
Fireplace No
Exterior
Parking Features Paved
Fence Partial
Utilities Available Cable Available, Electricity Available, Water Available
Roof Type Shingle,Wood
Building
Lot Description Cleared, Wooded
Faces East
Story 2
Entry Level Two
Architectural Style Fourplex
Level or Stories Two
New Construction No
Schools
Elementary Schools Corrigan-Camden Primary/Elementary School
Middle Schools Corrigan-Camden Junior High School
High Schools Corrigan-Camden High School
School District 238 - Corrigan-Camden
Others
Tax ID 10069-0038-00
Acceptable Financing Cash, Conventional, Investor Financing, Owner May Carry
Listing Terms Cash, Conventional, Investor Financing, Owner May Carry
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Bought with Evans and Associates
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