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Prime investment opportunity! A 1.698-acre property strategically located along the bustling US Hwy 287 (19) in Elkhart, TX, is up for grabs. The vacant 1,388 sq ft house, featuring a new roof less than two years old. Interior needs work. On the property is a fully occupied storage building spanning 1,000 sq ft, comprising 10 units, each sized at 10'x10' and currently renting for $45/month per unit. With all units spoken for, there is immediate room for increased rental rates, maximizing profitability. The property's versatility shines through, offering expansion possibilities. Currently housing 10 storage units, there is ample space to erect an additional five buildings of the same size, effectively increasing storage capacity.
| DAYS ON MARKET | 244 | LAST UPDATED | 9/8/2023 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1972 |
| COUNTY | Anderson | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Elkhart |
|---|---|
| Jr. High School | Elkhart |
| High School | Elkhart |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Central, Natural Gas |
| LOT | 1.698 acre(s) |
| STORIES | 1 |
| SUBDIVISION | None |
| TAXES | 1222.17 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Steve Demuth, Staples Commercial Group, LLC
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