515 N COLORADO STREET, BURTON, TX 77835
Homes for sale in Burton.
Homes for sale in 77835.
515 N Colorado Street
Burton, TX 77835
List Price$780,000
Listing #3763784
5,742
Square Feet
Commercial
Type
About This Property
Excellent opportunity for residential income producing property in small town Texas! Rare chance to own 1.3 acres in the middle of town. Located in the historic town of Burton, TX, halfway between Houston and Austin in the rolling hills of Washington County. Property is historic itself in that the building was built in 1914 as Burton's public school and afterwards became a home for senior citizens. Building has been lovingly maintained over the years and transitioned to the town's only apartment property. Currently set up with One bedroom and Two-bedroom units- 6 units in the building, as well 2 cottages on the property. Property has on site washer/dryer facilities for tenant's use. Units have excellent occupancy rates, 2% vacancy over last two years and a 7.13% cap rate.
Property Features
Location Information
County
Washington
Subdivision
City Of Burton
County
Washington
Directions
From Brenham head west on Hwy 290. Turn left into Burton at Spur 125. Turn at first right on to Colorado St. Property will be on the left at the corners of Colorado and Texas and Washington Streets.
Area
Out of Area
Interior Features
Heating
Ductless
Disabled Features
None
Floors
Carpet, Laminate, Linoleum
Accessibility
None
Laundry
Washer Hookup, Dryer Hookup, ElectricDryer Hookup
Exterior Features
Style
Cement Siding, Masonry
Lot Size in Acres
1.31
Is New Construction
No
Zoning
N/A
Construction/Exterior
Cement Siding, Masonry
Buildings
3
Foundation
Block, Slab
Has Waterfront
No
Possession
Subject To Tenant Rights
Has View
Yes
Water / Sewer
Public Sewer
View
City
Water
Public
Is One Story
Yes
Parking Description
Gravel, Unassigned, Unpaved
Additional Information
Other Utilities
Electricity Connected, Sewer Connected
APN
27212
Property Type
COM
Status
Active
Property SubType
Apartment
Documents Available
Aerial, Survey
Year Built
1914
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Mortgage Calculator
$3,642
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,810
Monthly Tax
$650
Monthly Insurance
$182
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
Walk Score
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