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    130 Town St Centerville, TX 75833

    For Sale
    $1,199,000

    16-Unit Complex, High Occupancy, Value-Add Potential

    Property size:
    10,544 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 16-unit multifamily property in Centerville, Texas, presents a compelling investment opportunity. Situated on a spacious 1.05-acre lot at 130 Town St, this complex offers significant upside potential. The property comprises two main buildings, one constructed in 2013 and the other in 1988, each housing eight identical two-bedroom, one-bathroom units. These units feature functional floor plans, simplifying management and maintenance. A convenient freestanding clubhouse and laundry room cater to residents, complemented by a 32-car parking lot. The property benefits from recent renovations totaling $230,000 between 2018 and 2024, enhancing its appeal and profitability. Furthermore, a concrete slab is already in place, providing a foundation for the construction of an additional eight units, should an investor choose to expand. Currently boasting 100% occupancy with long-term tenants, this property enjoys a highly competitive cap rate and price per door. The property's location in Centerville offers a distinct advantage, with minimal competition in the local market. Finally, the effective tax rate is exceptionally low at just 0.55%, based on the appraised value, further enhancing the investment's attractiveness. The total square footage of the property is 10,544 square feet. This property is a turnkey investment ready for immediate income generation and future growth.

    Property Features for 130 Town St

    General Information

    Property type
    Residential income properties
    Square Feet
    10,544 SF
    Lot Size
    45,738 SF

    Building Details

    Year Built
    2013
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Leon
    State
    Texas
    Longitude
    -95.97556
    Latitude
    31.25616

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    FAQs

    What type of property is this?
    Residential income property - 16-Unit Complex, High Occupancy, Value-Add Potential
    Where is this residential income property located?
    The property is located at 130 Town St Centerville, TX.
    What is the asking price?
    The asking price for this property is $1,199,000.
    (512) 960-3253
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    130 Town St Centerville, TX 75833
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    Centerville, TX 75833
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    130 Town St Centerville, TX 75833
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