7544 US-69

Alba TX 75410

2016 sq. ft.

404803.08 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

INVESTMENT AND INCOME OPPORTUNITY ON HWY 69! Owner financing available! This versatile property offers multiple existing rental income streams along with excellent potential for future expansion. The property currently features three occupied studio units, each offering 1 bedroom, 1 bathroom, and heating and cooling, with current rents of $600, $650, and $700 per month. A separate 3 bedroom, 2 bathroom home is also currently rented for $1,600 per month, bringing total existing rental income to approximately $3,550 per month. Adding even more opportunity, an additional structure on the property could potentially be finished out for another residential rental, office, business, or other income-producing use. Pre-existing utility infrastructure provides a valuable head start for expanding the property with additional units and increasing future rental income. With established tenants, multiple income-producing units, Highway 69 frontage, and room to grow, this property presents an exciting opportunity for investors looking to acquire an existing rental operation with additional value-add potential. Continue operating the current rentals while exploring expansion, additional residential units, or commercial possibilities to maximize the property's income potential.

Features

2 carspaces

1 garage space

2016 sq. ft. floor area

404803.08 sq. ft. lot size

Multi-Family

Property history for 7544 US-69

2019

Sold

Undisclosed

12 Jun 2019 by Corlie Deaton, of Exit Realty Pinnacle Group

Happy sellers in Alba

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