7544 N US HIGHWAY 69 Highway, Alba, Texas, 75410
$500,000
2,016 Sqft
9.29 Acres
0 ba
#21397839
INVESTMENT AND INCOME OPPORTUNITY ON HWY 69! Owner financing available! This versatile property offers multiple existing rental income streams along with excellent potential for future expansion. The property currently features three occupied studio units, each offering 1 bedroom, 1 bathroom, and heating and cooling, with current rents of $600, $650, and $700 per month. A separate 3 bedroom, 2 bathroom home is also currently rented for $1,600 per month, bringing total existing rental income to approximately $3,550 per month. Adding even more opportunity, an additional structure on the property could potentially be finished out for another residential rental, office, business, or other income-producing use. Pre-existing utility infrastructure provides a valuable head start for expanding the property with additional units and increasing future rental income. With established tenants, multiple income-producing units, Highway 69 frontage, and room to grow, this property presents an exciting opportunity for investors looking to acquire an existing rental operation with additional value-add potential. Continue operating the current rentals while exploring expansion, additional residential units, or commercial possibilities to maximize the property's income potential.
PROPERTY FEATURES
- 4 Unit(s)
- Horse Permitted : YES
- Utilities : Aerobic Septic,Natural Gas Available
- Parking Features: Carport,Gravel
- 2 Parking Space(s)
- Has Garage
- 1 Garage Spaces
- 1 Covered Spaces
- Fencing : Barbed Wire
- Accessibility Features: Accessible Approach with Ramp
- Lot Features : Acreage,Many Trees,Tank/ Pond
- Lot Features : Metal
- Cooling: Window Unit(s)
- Heating : Fireplace(s)
- Construction Materials: Brick,Other
- Foundation Details: Pillar/Post/Pier
- Levels : Two
- Green Verification Count : 0
PROPERTY DETAILS
ID: 21397839
Status: Active
Price: $500,000
Acres: 9.29 Acres
Price Per Acre: $53,804
Type: Other
Address: 7544 N US HIGHWAY 69 Highway
City, State: Alba, Texas
County: Wood
Zip Code: 75410
Lat/Long: 32.762779, -95.594356
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