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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 369,000

Est. payment -/mo

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Price Dropped by $5K

111 S 33rd ST Temple, TX 76504

20 Beds

12 Baths

1,404 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,404 sqft

Price per Sqft $262

Subdivision Temple Heights

MLS Listing ID 609192

Style Other,See Remarks

Bedrooms 20

Full Baths 12

Construction Status Resale

HOA Y/N No

Year Built 1948

Lot Size 0.430 Acres

Acres 0.43

Property Sub-Type Single Family Residence

Property Description

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!
Rare Value Add Opportunity in Temple! This is an 11 unit multifamily with over 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!
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

Interior Features Other, See Remarks, Eat-in Kitchen

Heating Other, See Remarks

Cooling Other, See Remarks

Flooring Tile

Fireplaces Type Bedroom, Bath, Den, Dining Room, Family Room

Fireplace Yes

Appliance Dishwasher

Laundry Laundry Room

Exterior

Exterior Feature None, Other, See Remarks

Fence Chain Link

Pool None

Community Features Other, See Remarks

Utilities Available Water Available

View Y/N No

Water Access Desc Public

View None

Roof Type Composition,Shingle

Building

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Other, See Remarks

Level or Stories One

Construction Status Resale

Schools

School District Temple Isd

Others

Tax ID 118896

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Listed by Elizabeth Thomas • All City Real Estate Ltd. Co

NEARBY SCHOOLS & PROPERTIES

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

111 S 33rd ST Temple, TX 76504

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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111 S 33rd ST