Multifamily + Retail Building with $590,000 Appraised ARV

Polk County, Livingston, TX, 77351
Sold
Listed at: July 28th, 2023
Price
$140,000
ARV
$590,000
Gross Margin
$450,000
Sq. Footage
7870
Type
Multifamily
Parking
Unassigned
Year build
1966
Lot size
0.70 acres
Bedrooms
4
Bathrooms
4
Half Bathrooms
0
Summary

•$150,000 Purchase Price with an Appraised $590,000 ARV (per licensed appraisers at The Ambrose Group).

•Currently adjacent to a future truck stop (including a Jack in the Box restaurant) which is under development.

•Survey is on hand. Message or call us for inquiries to view the appraisal report.

•7,870 total square feet [2,100 in left retail store, 3,420 square feet in right flex-space unit, 1,200 square feet in top front two-bedroom unit, and 1,150 square feet in back apartment unit]. Being sold as-is at only $19.06 per square foot!

•Perfect property for owner occupants or landlords desiring a property capable of producing over $63,000 in net operating income.

•Located adjacent to Highway 59 North which offers incredible amounts of traffic for future retail business.

•Interior demolition and junk removal have been performed.

•Bring $25,000 to closing and obtain 100% financing of the purchase price in addition to approximately $263,000 in rehab reserves for repairs. Please also note that seller financing is available at 65% LTV.

•Contact us for more info.

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Enrique Moreno Jr.

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Disposition manager