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.
Property Type :
Single Family Detached
Subdivision :
Tx
County :
Anderson
Style :
Single Family Detached
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All listings featuring the "Greater Tyler Texas Area" as the source are provided by "Greater Tyler Association of REALTORS®".. This information is not verified for authenticity or accuracy and is not guaranteed.
ByOwner last updated this listing 05/02/2024 @ 22:16
MLS: 23012278
LISTED BY: Steve Demuth, Staples Commercial Group, LLC
SOURCE: GTAR - Greater Tyler Texas Association of Realtors
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
