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$499,500
Est. payment /mo
10,707 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,707 sqft
Price per Sqft $46
Subdivision Moores Knight
MLS Listing ID 581911
Construction Status To Be Built,Resale
HOA Y/N No
Year Built 1948
Lot Size 0.482 Acres
Acres 0.482
Property Sub-Type Commercial
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!
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
Flooring Concrete
Fireplace No
Exterior
Parking Features Parking Space(s)
Community Features None
Utilities Available Electricity Available
Amenities Available None
View Y/N No
Water Access Desc Public
View None
Accessibility None
Building
Story 1
Entry Level One
Foundation Pillar/Post/Pier, Slab
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status To Be Built,Resale
Others
Tax ID 118896
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Listed by Vicki Cantrell • Coldwell Banker Realty
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