17307 Old 81

Description

Major investment opportunity 1/2 mile from IH-35 currently has been making $5600 monthly income with way more room for huge expansion! Quadplex on over 16 acres with over 7500 square feet in existing building ready for more currently not being utilized. There is open shop space (1758 sq ft) and an upper deck (Over 5000 sq ft) that is ready to be built out for more income. The acreage around the building is currently ag exempt and being used for hay production but is clear and open to be set up for an RV park, trailer park, multi family or a mix of development. The property is conveniently located mile off IH-35 between Temple (10 minutes) and Waco (20 minutes)!! Directly around the metal building has beautiful mature trees for privacy and includes a storm shelter. 4.125 acres have already been surveyed off around the quadplex if you wanted to keep and sell the remaining land for development. SO MANY OPTIONS!! Each unit has sealed concrete floors and beautiful finishes with no need for updates. Two of the units are also set up with a locked door between them so the configuration can be easily changed. The largest unit (Unit A) could be converted to two smaller units as well or use part of it to turn the studio (Unit D) into a larger unit. It is rented now as a 4/2 plus a study that could be a 5th bedroom. One of the tenants keeps up with lawn maintenance around the building and 4 acres. Each unit has laundry hook ups, separate electric meter, kitchen appliances and separate entrances from the exterior. There are floor plans of the overall space and each unit as it currently is in the photos. Most of the tenants have been there long term. One unit was just vacated and is now being used for the owner while they are clearing out the storage. Once they are done, it will be rented out again. Don't miss out on this opportunity with so much potential and current income while you set up the rest.