$140,000
For more information regarding the value of a property, please contact us for a free consultation.
11971 US Highway 59 HWY N Livingston, TX 77351
2 Beds
1 Bath
7,870 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,870 sqft
Price per Sqft $17
Subdivision Joseph Scates Surv A-69
MLS Listing ID 17527970
Sold Date 09/28/23
Bedrooms 2
Full Baths 1
Year Built 1966
Annual Tax Amount $2,006
Tax Year 2022
Lot Size 0.700 Acres
Property Sub-Type Fourplex
Property Description
$590,000 Official Appraised After-Repair Value. Appraiser estimates that over $63,000 in yearly net operating income will follow rehab and stabilization. Valuation can be increased even further through the installation of a billboard. Contact agent for a copy of recent appraisal. Over $20,000 worth of interior demolition and junk removal has been completed. This is a wonderful opportunity for yield-seeking investors due to local 9% cap rates. The property boasts of a total of 7,870 square feet. The left retail store has 2,100 square feet. Building Two contains 3,420 square feet of retail/flex space. The front top-level apartment contains 1,200 square feet with a spacious balcony. The back apartment contains 1,150 square feet. The .70 acre lot is fenced in and is zoned without restrictions. The prospect of long-term appreciation is aided by the adjacent lot containing a truck stop and a fast-food restaurant under development. A must see!
Location
State TX
County Polk
Area Livingston Area
Interior
Heating No Heating
Cooling No Cooling/Vent
Flooring Concrete, Wood
Exterior
Utilities Available Cable, Electric, Satellite Dish, Water
Roof Type Wood Shingle
Building
Lot Description Cleared, Wooded
Faces East
Story 2
Unit Features Balcony,Fenced Area
Lot Size Range 1/2 Up to 1 Acre
Structure Type Brick,Other,Stone
New Construction No
Schools
Elementary Schools Corrigan-Camden Primary/Elementary School
Middle Schools Corrigan-Camden Junior High School
High Schools Corrigan-Camden High School
School District 238 - Corrigan-Camden
Others
Senior Community No
Restrictions None
Tax ID 10069-0038-00
Acceptable Financing Cash Sale, Conventional, Investor, Owner Financing
Tax Rate 1.6865
Disclosures Other Disclosures, Sellers Disclosure
Listing Terms Cash Sale, Conventional, Investor, Owner Financing
Financing Cash Sale,Conventional,Investor,Owner Financing
Special Listing Condition Other Disclosures, Sellers Disclosure
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Evans and Associates