716 Center Circle

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, close 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!