727 ROYAL STREET #709,711,71, SALADO, TX 76571
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List Price$1,100,000
727 Royal Street #709,711,71
Salado, TX 76571
Listing #618739
6,528
Square Feet
Multi-Unit Residential
Type
About This Property
Rare opportunity to acquire a fully occupied package of three duplexes in the heart of Salado. Offering six total units located at 727/725 Royal Street, 719/717 Royal Street, and 711/709 Royal Street, this investment provides consistent rental history with an average estimated 8% cap rate. Each duplex consists of two approximately 1,088 SF units (approximately 2,176 SF per building), with every unit featuring 2 bedrooms, 2 full bathrooms, a spacious living area with fireplace, breakfast area, covered patio, and functional floor plan designed for long-term tenant appeal. Perfectly positioned on one of Salado's most sought-after streets, tenants enjoy walkability to charming downtown Salado, local restaurants, shopping, parks, and the community's unique small-town atmosphere. All three duplexes are currently tenant occupied and are being offered as a package sale only. The properties have demonstrated strong occupancy and provide an outstanding opportunity for investors seeking immediate cash flow in one of Central Texas' most desirable rental markets. Contact the listing agent for current rent roll, lease information, and additional financial details.
Property Features
Location Information
County
Bell
Directions
From I-35, take Exit 284 toward Salado. Head east on Royal Street. Continue through downtown Salado, and the properties will be on the left. Package includes 727/725 Royal Street, 719/717 Royal Street, and 711/709 Royal Street.
Subdivision
Howerton Add
Interior Features
Interior
Ceiling Fan(s), Multiple Closets, Vanity
Floors
Laminate, Tile, Wood
Has Fireplace
Yes
Laundry
Laundry in Utility Room, Laundry Room
Fireplace Description
Family Room, Living Room, Masonry, Wood Burning
Disabled Features
None
Heating
Central, Multiple Heating Units
Appliances
Dishwasher, Electric Range, Microwave, Some Electric Appliances, Range
Cooling
Central Air, 1 Unit, 3+ Units
Total Number of Units
0
Exterior Features
Style
Traditional
Garage Spaces
0
Stories
1
Fencing
None, Partial
Construction/Exterior
Brick, Masonry
Lot Size in Acres
0.75
Exterior
Rain Gutters
Water Body
None
Foundation
Slab
Has Waterfront
No
Possession
Closing & Funding, Closing, Immediately, Negotiable
Has View
No
Water / Sewer
Septic Tank
View
None
Has Garage
No
Is One Story
Yes
School
School District
Salado ISD
Additional Information
Roof/Attic
Composition, Shingle
Property SubType 2
Residential
Other Utilities
Electricity Available
Year Built
1983
Property Type
RI
Status
Active
Property SubType
Duplex
Square Feet Source
Appraiser
Similar Listings
Mortgage Calculator
$5,135
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,963
Monthly Tax
$916
Monthly Insurance
$256
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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