111 S 33rd Street Temple, TX 76504
Other
MLS #: 581911
Courtesy Of Coldwell Banker United REALTOR
Property InformationDescription
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!
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: None (Cooling)
- Exterior Type: Brick Veneer
- Exterior Type: Brick
- Floor Covering: Concrete
- Legal Description: MOORE'S KNIGHT, BLOCK 003, LOT 4, 5, 6, ACRES .482
- MLSID: 581911
- View Type: None
MAP & DIRECTIONS
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