17307 Old 81 Pending Save Request In-Person Tour Request Virtual Tour
Troy,TX 76579
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 5,410 sqft
Price per Sqft $231
MLS Listing ID 8580773
Year Built 2016
Tax Year 2023
Lot Size 16.273 Acres
Property Description
Major investment opportunity 1/2 mile from IH-35 currently has been making $5600 monthly income with way more room for huge expansion! Quadplex on over 16 acres with over 7500 square feet in existing building ready for more currently not being utilized. There is open shop space (1758 sq ft) and an upper deck (Over 5000 sq ft) that is ready to be built out for more income. The acreage around the building is currently ag exempt and being used for hay production but is clear and open to be set up for an RV park, trailer park, multi family or a mix of development. The property is conveniently located ½ mile off IH-35 between Temple (10 minutes) and Waco (20 minutes)!! Directly around the metal building has beautiful mature trees for privacy and includes a storm shelter. 4.125 acres have already been surveyed off around the quadplex if you wanted to keep and sell the remaining land for development. SO MANY OPTIONS!! Each unit has sealed concrete floors and beautiful finishes with no need for updates. Two of the units are also set up with a locked door between them so the configuration can be easily changed. The largest unit (Unit A) could be converted to two smaller units as well or use part of it to turn the studio (Unit D) into a larger unit. It is rented now as a 4/2 plus a study that could be a 5th bedroom. One of the tenants keeps up with lawn maintenance around the building and 4 acres. Each unit has laundry hook ups, separate electric meter, kitchen appliances and separate entrances from the exterior. There are floor plans of the overall space and each unit as it currently is in the photos. Most of the tenants have been there long term. One unit was just vacated and is now being used for the owner while they are clearing out the storage. Once they are done, it will be rented out again. Don’t miss out on this opportunity with so much potential and current income while you set up the rest.
Location
State TX
County Bell
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Exterior Feature See Remarks
Garage Spaces 4.0
Fence None
Community Features See Remarks
Utilities Available Cable Connected,Electricity Connected,Sewer Connected
Waterfront No
Waterfront Description See Remarks
View See Remarks
Roof Type Metal
Building
Lot Description Agricultural,Cleared,Farm,Native Plants,Private Maintained Road,Trees-Moderate,See Remarks
Foundation Slab
Sewer Aerobic Septic
Water Public
Structure Type Spray Foam Insulation,Metal Siding
New Construction No
Schools
Elementary Schools Edna Bigham Mays
Middle Schools Raymond Mays
High Schools Troy
School District Troy Isd
Others
Special Listing Condition Standard
Pets Description All