1404 Queen St, Palestine, TX 75803
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1404 Queen St
- Property type
- Residential income homes
Description
This exceptional multifamily investment opportunity in Palestine, Texas, presents 14 fee-simple rental units currently boasting 100% occupancy. The portfolio comprises a diverse mix of properties, including a duplex at 703 & 705 Lamar St generating $1050 monthly rent, another duplex at 1218 W Lacy St also yielding $1050 monthly rent, a six-unit complex at 1404 N Queen St (a two-story fourplex and two additional apartments) producing $3800 in monthly rent, and a brick, two-story fourplex at 3470 FM 320 generating $3550 monthly rent. The properties are located in Anderson County, Texas, zip code 75803, and are situated on two stories. This portfolio offers a stable income stream with historically low vacancy rates, making it an attractive investment for discerning buyers. The asking price for this turnkey operation is $950,000. The properties are well-maintained and provide a strong return on investment. Serious inquiries are encouraged. Financial statements are available upon request.
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Location Insight
- Map
- Local Demand
- City
- Palestine
- County
- Anderson
- State
- Texas
- Longitude
- -95.6356607
- Latitude
- 31.7720237
