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Close| Price: | $999,000 |
| Property Type: | commercial_industrial |
| MLS #: | 24012108 |
| Calling all Developers and Investors, come take a look at this amazing 9.2 acre tract plus a 1 acre house rented by rooms which generates passive income! This one of a kind investment opportunity sitting on a great corner parcel with over 1400ft of road frontage on Old Chandler HWY and FM 2661. Located right next to HWY 31 with over 20,000 cars passing daily and many new investments and developments being made on this fast growing area, this prime property offers many possibilities, for example 18 houses with half acre tracts can be build on the property if subdivided. Commercial projects and many more opportunities can also be made on this amazing property. The house has been divided into 8 rooms and 1 apartment. With the possibility of having another apartment in the same home. You can easily make $6,000 a month, which is $72,000 a year with an amazing 7.2% cap rate! You could rent it all, or you could just rent an area and make the rest of the home your homestead. This is a rare opportunity to own a piece of history that produces rental income and it's outside the city limits but just 7 miles from Walmart, Aldi, Sam's Club, Banks, Lindsay Park, restaurants and more! The property next door is a 13 acre tract currently for sale at 1.6 million so this an amazing opportunity price for value! Don't miss this one, call and schedule your showing today! Seller is willing to sell either just the acres or the house separetely | |
| Area: | Smith |
| Year Built: | 1900 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 9.985 |
Courtesy: Miranda, Luis • Miller Homes Group • 903-504-5474 
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.
This content last refreshed on 11/01/2024 10:30 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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