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304 Us Hwy 287 S

Elkhart, TX 75839
  • $255,000
  • STATUS: Active
  • ON SITE: 355 Days
  • MLS #: 23007256
$255,000
  • 0
    BEDS
  • 1.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 58,682
    SQFT
  • $4
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

This investment opportunity presents a revenue-generating property spanning 1.698 acres along the bustling US Hwy 287 (19) in Elkhart, TX. The 1,388-square-foot house on the property, currently vacant, was previously rented for $750 per month and boasts a new roof less than two years old. Adjacent to the house, a fully occupied 1,000-square-foot storage building features 10 units, each measuring 10'x10', with a rental rate of $45 per unit per month. There is immediate potential for increased revenue by adjusting the current rental rates. Moreover, the property offers room for expansion, with space available for approximately five additional storage buildings of the same size. Alternatively, investors may consider introducing RV park facilities to diversify usage. These strategic expansions provide avenues for maximizing returns on investment. The property's prime location along the heavily traveled highway enhances its visibility and accessibility, making it an attractive option for potential tenants or users. Investors can capitalize on the existing income streams, explore immediate rate adjustments, and strategically utilize available space for further development. With a mix of residential and commercial elements, this investment opportunity offers both stability and growth potential in the Elkhart, TX market.

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[Greater Tyler Association Of Realtors MLS] logo 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. This information is deemed reliable, but not guaranteed. 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. Data last updated 2024-05-26T22:29:11.04.
www.deemartinsells.com/homes/140307581
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304 Us Hwy 287 S Elkhart, TX 75839

  • Price: $255,000
  • Status: Active
  • On Site: 355 Days
  • MLS #: 23007256
0
Beds
0
Baths
0
½ Baths
1.7
Acres
58,682
SQFT
$4
$/SQFT
1950
Built
Neighborhood:
Anderson
County:
Anderson
Area:
Anderson
Property Description
This investment opportunity presents a revenue-generating property spanning 1.698 acres along the bustling US Hwy 287 (19) in Elkhart, TX. The 1,388-square-foot house on the property, currently vacant, was previously rented for $750 per month and boasts a new roof less than two years old. Adjacent to the house, a fully occupied 1,000-square-foot storage building features 10 units, each measuring 10'x10', with a rental rate of $45 per unit per month. There is immediate potential for increased revenue by adjusting the current rental rates. Moreover, the property offers room for expansion, with space available for approximately five additional storage buildings of the same size. Alternatively, investors may consider introducing RV park facilities to diversify usage. These strategic expansions provide avenues for maximizing returns on investment. The property's prime location along the heavily traveled highway enhances its visibility and accessibility, making it an attractive option for potential tenants or users. Investors can capitalize on the existing income streams, explore immediate rate adjustments, and strategically utilize available space for further development. With a mix of residential and commercial elements, this investment opportunity offers both stability and growth potential in the Elkhart, TX market.
Exterior Features

Acres Cleared Percent 95 Construction Wood/ Frame Lot Dimension Source ACAD Lot Dimensions See Remarks Parking Off Street Road Type State/US Highway Water View No Waterfront No

Interior Features

Gross Leasable Area 2388 Largest Footage Available 1388 Smallest Footage Available 100

Property Features

Available Financing ConventionalFHAVACash Building Description Other/See Remarks Commercial Type Building Electric Electric On Site Foreclosure Or Bank Owned No Gas Natural Gas Onsite Improvements Single Family DwellingStorage Building Location Inside City Limits Sale Includes BuildingBusiness Security Gate No Sewer Public Sewer Short Sale YN No Sq Ft Source ACAD Water Public Year Built Source Seller Zoning Single FamilyOther/See Remarks

Listing provided courtesy of Steve Demuth of Staples Commercial Group, LLC: . Listing information © 2024 Greater Tyler Association of REALTORS® Multiple Listing Service.


[Greater Tyler Association Of Realtors MLS] logo 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. This information is deemed reliable, but not guaranteed. 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. Data last updated 2024-05-26T22:29:11.04.
 
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Dee Martin Realty Group | Re/Max Tyler
3930 Old Bullard Rd.
Tyler TX, 75701