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$499,500
Est. payment /mo
10,707 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 10,707 sqft
Price per Sqft $46
Subdivision Moore'S Knight
MLS Listing ID 3935849
Year Built 1948
Tax Year 2024
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type See Remarks
Source actris
Property Description
Rare Value Add Opportunity in Temple Texas This is an 11 unit multifamily with ~9000 square feet of rentable space (~10500 total building square footage). Projected Income of $13,500 a month (at 1.5 psf) or $162,000 annually. Projected expenses: $40,000 annually NOI: $122,000 Renovated Valuation of $1,876k at a 6.5% cap rate *Attractive Seller Financing Option Available (with 20% downpayment) - Preliminary Renovations Budget of $400-500k INVESTOR ALERT – PRIME COMMERCIAL OPPORTUNITY IN TEMPLE, TX! Fix it. Flip it. Reimagine it. This is the kind of diamond in the rough that seasoned investors dream about! Located just off Adams Avenue and minutes from Baylor Scott & White, this versatile commercial property is packed with potential and poised for transformation. Main Building: Approx. 10,707 sq. ft. – a solid shell ready for your vision Additional Structures: A 2-bedroom frame home, former laundry building, and garage/storage area The property is zoned commercial and was previously used as an independent living facility, but the possibilities are wide open: Multi-tenant office space Assisted living or residential rehab facility Boutique lodging or studio space Storage and service-oriented business All buildings are sold AS IS – yes, they need extensive rehab, but this is your blank canvas. MOTIVATED SELLER – Extremely negotiable on cash offers, outside financing AND open to OWNER FINANCING! Don't wait. With Temple's ongoing growth and proximity to major employers, this is the kind of opportunity that won't sit long. Call today to schedule a walkthrough and make your offer before someone else grabs this hidden gem!
Location
State TX
County Bell
Interior
Heating None
Cooling None
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available
View None
Total Parking Spaces 10
Building
Sewer Public Sewer
Water Public
Structure Type Brick Veneer
New Construction No
Others
Special Listing Condition Standard
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Listed by Coldwell Banker Realty
Learn More About LPT Realty
Randy Rodriguez
Team Lead/REALTOR® | License ID: 751541
Team Lead/REALTOR® License ID: 751541