Current Use by Public Records
- Mixed-use properties
Property Details for 424 County Rd
- Lot size
- 2.00 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a 10-unit apartment building situated on a spacious 2-acre lot in Dayton, Texas. The property boasts a total of 15,080 square feet of net rentable space, currently comprised of ten 2-bedroom, 1-bathroom apartments, each measuring approximately 956 square feet. These apartments are substantially complete, with framing, electrical wiring, light fixtures, and plumbing already installed, representing a significant cost savings for the new owner. The property also includes a sizable 5,520 square foot office/warehouse space, offering additional income potential or the possibility for expansion of the residential units. The property's location outside of city limits offers a unique advantage, while its convenient access to major roadways such as Highway 90, Grand Parkway 99, and Highway 146 ensures excellent accessibility. Furthermore, this property is situated outside of all designated flood zones, providing peace of mind for both investors and future tenants. The substantial lot size provides ample room for future expansion, allowing for increased rental income or the development of additional amenities. This property is offered at an asking price of $1,350,000 and presents a compelling opportunity for investors seeking a strong return on investment in a rapidly growing area. The existing infrastructure significantly reduces the time and cost associated with completing the apartments, making this a truly turnkey investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dayton
- County
- Liberty
- State
- Texas
- Longitude
- -94.9583
- Latitude
- 30.0005
