$379,000
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9 Beds
7.5 Baths
1.23 Acres Lot
SOLD DATE : 11/15/2024
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Sold
Purchase Type For Sale
Subdivision Cleveland Addition
MLS Listing ID 20534524
Sold Date 11/15/24
Bedrooms 9
Full Baths 7
Half Baths 1
HOA Y/N None
Total Fin. Sqft 10866
Lot Size 1.232 Acres
Acres 1.2323
Lot Dimensions 335x160
Property Description
This is an interesting property with tons of potential and possibilities. First off there are 7 tiny homes of which 5 are 1 bedroom and 1 bath and 2 are 2 bedrooms with 1 bath. 5 are completely finished and just need to be cleaned up and maybe some minor repairs. 1 unit needs appliances and trim work to be finished, and the last unit is just a shell and needs a buildout inside to be complete. These units are perfect for short term rentals, long term rentals, or fully furnished units for personnel coming in on 3-6 month contracts. 1 bedroom units could easily get $500-700 per month each while 2 bedroom units could $700-850 per month each. That's a total of $3900-5200 per month in rents. PLUS there is plenty of room to add an additional 5-9 units for additional revenue. Next door is the old rock church and it has over 10,000 square feet of space. The building has a good roof and solid rock exterior, but is need of updates and repairs. This space has endless possibilities!!
Location
State TX
County Brown
Direction GPS friendly. On the corner of Ave D and Durham.
Interior
Interior Features Open Floorplan
Heating Natural Gas, Space Heater, Wall Furnace
Cooling Ceiling Fan(s), Electric, Wall Unit(s), Wall/Window Unit(s)
Flooring Concrete, Linoleum
Appliance Electric Oven, Electric Water Heater, Microwave, Refrigerator
Heat Source Natural Gas, Space Heater, Wall Furnace
Exterior
Exterior Feature Covered Patio/Porch
Fence None
Utilities Available All Weather Road, Alley, Cable Available, City Sewer, City Water, Electricity Available, Electricity Connected, Individual Water Meter, See Remarks
Roof Type Composition,Metal
Garage No
Building
Lot Description Cleared, Corner Lot, Level
Story One
Foundation Block, Pillar/Post/Pier, Slab
Level or Stories One
Structure Type Board & Batten Siding,Rock/Stone,Siding
Schools
Elementary Schools Coggin
Middle Schools Brownwood
High Schools Brownwood
School District Brownwood Isd
Others
Ownership BCHS
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
Special Listing Condition Aerial Photo, Environ. Study Complete, Utility Easement
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Bought with Justin Riggan • KWSynergy
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