716 Center Circle
Salado, TX 76571
3379 sqft | 1.38 acres | #8280651
Description
Calling all Investors searching for the opportunity of a lifetime in the Historic District of Salado, TX on 1.38 acres! THE LOCATION, across the street from Alexander’s, steps to Barrows Brewery, The Shed, the River, spas, boutiques, and countless restaurants and bars. This triplex property represents an excellent chance to add to the portfolio or for those looking to add passive income. Unit A, currently generating $900/mo is a cozy studio with a full kitchen. Unit B projected to lease at $2000/mo is a stunning large apartment with 2 bedrooms, 2.5 bathrooms + with a huge stand-alone shed; this apartment features a massive gorgeous living room with stunning high-pitched ceiling and incredible natural light, with grand views or the 1.38-acre yard, and private porches, and patios. Unit C, projected to lease at $1975 is a stunning 3 bedroom, 3 bathroom + private car garage apartment. This property is projected to generate $4,875 in total monthly revenue! Not to mention its potential to become an Airbnb which can generate so much more. Whether it's leasing out all three units or occupying one while renting out the others, this triplex offers flexibility to suit various investment strategies. This property also offers the flexibility to be converted into a single-family residence with a lot of potential on 1.38 acres, 6 bedrooms each with full bathrooms, an additional half bathroom, and massive living areas, perfect for a family looking to live an active life in downtown historic Salado. What a great town and location to call home! The property's proximity to major highways provides convenient commuting options to nearby cities, schools, and employers. Invest in the thriving real estate market of Salado, TX, and capitalize on the growing demand for rental properties in this desirable area. Don't miss out on this great investment opportunity and be a part of this great community!
Interior Details
- InteriorCeiling Fans, Separate Formal Dining Room, Multiple Living Areas, Multiple Dining Areas, Soaking Tub, Storage
Property Details
- Lot DescriptionBack Yard, Front Yard, Gentle Sloping, Trees Medium Size
- Exterior MaterialsExterior Steps, Rain Gutters
- ViewNeighborhood, Trees Woods
Measurements
- Acres1.38
- Square Feet3379
Parking
- Parking Spaces2
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1965
Material information
- FoundationPillar Post Pier
Utilities / Energy Details
- Utility FeaturesElectricity Available, Electricity Connected, Phone Available, Water Connected
- Sewer InformationSeptic Tank
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionN/A
Location
- Elementary SchoolThomas Arnold
- School DistrictSalado ISD
- Middle SchoolSalado
- High SchoolSalado
- CountyBell
Financial Details
- Original List Price$575,000
- Taxes Annual$10,554
- Days on Market (Cumulative)2
Other
- MLS #8280651
Location
Legal
Based on information submitted to the MLS GRID as of 2024-09-17 17:43:49 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Kelly Hamilton (#658808), Phone: (512) 791-7990
Listing Office: Comfort Realty LLC (#701637)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.