111 S 33rd ST S, Temple, TX 76504
- 10,707 sqft
other
Built in 1948
0.48acre lot
—— car garage
$47/sqft
Listed 27 days ago
Property Description
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!
- Listing Status:
- Active
- Listing Office:
- Coldwell Banker Realty : (254) 200-3800
- Listing Agent:
- Vicki Cantrell : (254) 628-9651
- MLS ID:
- 3935849
- A/C: None
- Heating: None
This listing courtesy of Vicki Cantrell, Coldwell Banker Realty
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Scott Elementary School
2301 W Avenue P, Temple, TX, 76504
Grades PK-5
1.14 miles away
Travis Middle School
1551 S 25th St, Temple, TX, 76504
Grades 6-8
1.09 miles away
Fred W Edwards Academy Aec
300 S 27th St, Temple, TX, 76504
Grades 9-12
0.23 miles away