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130 Town Street

Centerville, TX 75833
  • $1,265,000
  • STATUS: Active
  • ON SITE: 223 Days
  • ID#: 20096331
UPDATED: 50 min ago
$1,265,000
  • 32
    BEDS
  • 1.05
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1988
County:
Area:

School Information

High School:
School District:
Offered by Maggie Parks of Rogers Healy And Associates: 214-368-4663.

Description

The Centerville Apartments consists of two 8-unit buildings (16 units total), a clubhouse, and a concrete slab for a potential 3rd building on a large lot. Building #1 was renovated in 2013, and Building #2 is being renovated (completion by Sep-Oct 2022). Each unit is 650 Sq Ft, with two bedrooms and one bathroom. The clubhouse has an office, a bathroom, storage space, and a laundry room. Potential for further improvements to the asset to significantly increase profit and add value include implementing a RUBS program for tenants to pay water and increasing rents to the market rate.The concrete slab with existing utilities offers the potential for 8 additional units.

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© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-06T10:43:58.113.
www.homesbylainie.com/homes/130309273
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130 Town Street Centerville, TX 75833

  • Price: $1,265,000
  • Status: Active
  • On Site: 223 Days
  • Updated: 50 min ago
  • ID#: 20096331
32
Beds
16
Baths
0
½ Baths
1.05
Acres
1988
Built
Neighborhood:
Centerville
County:
Leon
Area:
Centerville
High School:
Centerville
School District:
CENTERVILLE ISD
Property Description
The Centerville Apartments consists of two 8-unit buildings (16 units total), a clubhouse, and a concrete slab for a potential 3rd building on a large lot. Building #1 was renovated in 2013, and Building #2 is being renovated (completion by Sep-Oct 2022). Each unit is 650 Sq Ft, with two bedrooms and one bathroom. The clubhouse has an office, a bathroom, storage space, and a laundry room. Potential for further improvements to the asset to significantly increase profit and add value include implementing a RUBS program for tenants to pay water and increasing rents to the market rate.The concrete slab with existing utilities offers the potential for 8 additional units.
Exterior Features

Construction BrickSiding Construction Materials Walls 20 Foundation Slab Lot Description Few Trees Parking Or Garage CommonOpen Pool On Property No Roof Composition

Interior Features

Appliances Electric CooktopElectric OvenRefrigerator Cooling Ceiling Fan(S)Window Unit(S)Other Flooring CarpetLuxury Vinyl Plank Handicap YN No Heating Other Interior Features Other Kitchen Equipment 214-368-4663

Property Features

Building Area Source Appraiser Building Area Total 10267.00 Common Features Laundry Complex Name Centerville Apartments Construction Status Preowned Gross Annual Expenses 37165.00 Gross Annual Income 121056.00 HOA None Insurance Expense 4978 Junior High School Name Centerville List MLSProvider Metrotex Association Of Realtors Listing Terms CashConventional Municipal Utility District No Net Operation Income 83891 Possession Closing/Funding Property Type Apartment Unexempt Taxes 5882 Utilities City SewerCity WaterMaster Gas Meter Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-06T10:43:58.113.
 
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Homes By Lainie Real Estate Group
141 Chisolm Trail
Pottsboro TX, 75076
Offered by Maggie Parks of Rogers Healy And Associates: 214-368-4663.