111 S 33RD STREET S, TEMPLE, TX 76504
Homes for sale in Temple.
Homes for sale in 76504.
111 S 33rd Street S
Temple, TX 76504
List Price$499,500
Listing #3935849
10,707
Square Feet
Commercial
Type
About This Property
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!
Property Features
Location Information
County
Bell
Subdivision
Moore's Knight
County
Bell
Directions
Hwy 190 East ( I 14),
Area
BT
Interior Features
Heating
None
Exterior Features
Style
Brick Veneer
Parking Description
Common
Is New Construction
No
Lot Size in Acres
0.48
Construction/Exterior
Brick Veneer
Buildings
2
Possession
Close Of Escrow
Has Waterfront
No
Water / Sewer
Public Sewer
Has View
No
Water
Public
View
None
Additional Information
Other Utilities
Cable Available, Electricity Available, Phone Available, Sewer Available
APN
118896
Property Type
COM
Status
Active
Property SubType
Other
Documents Available
None
Year Built
1948
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Mortgage Calculator
$2,331
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,799
Monthly Tax
$416
Monthly Insurance
$116
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
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