111 S 33rd ST S, Temple, TX 76504 - MLS#3935849

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Oct

Mon

Oct

Tue

Oct

Spencer Wheelwright

[email protected] +1(512) 944-8553

$499,500

Est. payment - /mo

10,707 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 10,707 sqft

Price per Sqft $46

Subdivision Moore'S Knight

MLS Listing ID 3935849

Year Built 1948

Tax Year 2024

Lot Size 0.480 Acres

Acres 0.48

Property Sub-Type See Remarks

Source actris

Property Description

Rare Value Add Opportunity in Temple Texas This is an 11 unit multifamily with ~9000 square feet of rentable space (~10500 total building square footage). Projected Income of $13,500 a month (at 1.5 psf) or $162,000 annually. Projected expenses: $40,000 annually NOI: $122,000 Renovated Valuation of $1,876k at a 6.5% cap rate *Attractive Seller Financing Option Available (with 20% downpayment) - Preliminary Renovations Budget of $400-500k INVESTOR ALERT – PRIME COMMERCIAL OPPORTUNITY IN TEMPLE, TX! Fix it. Flip it. Reimagine it. This is the kind of diamond in the rough that seasoned investors dream about! Located just off Adams Avenue and minutes from Baylor Scott & White, this versatile commercial property is packed with potential and poised for transformation. Main Building: Approx. 10,707 sq. ft. – a solid shell ready for your vision Additional Structures: A 2-bedroom frame home, former laundry building, and garage/storage area The property is zoned commercial and was previously used as an independent living facility, but the possibilities are wide open: Multi-tenant office space Assisted living or residential rehab facility Boutique lodging or studio space Storage and service-oriented business All buildings are sold AS IS – yes, they need extensive rehab, but this is your blank canvas. MOTIVATED SELLER – Extremely negotiable on cash offers, outside financing AND open to OWNER FINANCING! Don't wait. With Temple's ongoing growth and proximity to major employers, this is the kind of opportunity that won't sit long. Call today to schedule a walkthrough and make your offer before someone else grabs this hidden gem!

Location

State TX

County Bell

Interior

Heating None

Cooling None

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available

View None

Total Parking Spaces 10

Building

Sewer Public Sewer

Water Public

Structure Type Brick Veneer

New Construction No

Others

Special Listing Condition Standard

Read Less Info

Listed by Coldwell Banker Realty

GET MORE INFORMATION

Spencer Wheelwright

+1(512) 944-8553

Broker Associate | License ID: 667574

Broker Associate License ID: 667574

111 S 33rd ST S Temple, TX 76504

Spencer Wheelwright

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION