2002 Washington St, Commerce, TX 75428
- Commercial real estate
- 6,720 SF
- 0.41 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2002 Washington St
- Year built
- 1976
- Lot size
- 0.41 lot acres
- Property type
- Commercial real estate
- APN
- 70126
Description
This exceptional investment opportunity presents an eight-unit apartment complex ideally situated in Commerce, Texas, near Texas A&M Commerce. The property, located at 2002 Washington Street, encompasses 6,720 square feet on a 0.414-acre lot and includes two buildings. Built in 1976, the complex offers ten parking spaces and boasts eight units, each featuring two bedrooms and one bathroom. Importantly, half of the units have undergone recent renovations, showcasing upgraded granite countertops and durable luxury vinyl plank (LVP) flooring. These improvements enhance both the aesthetic appeal and the ease of maintenance, contributing to a higher rental yield. The property's proximity to the university ensures a consistent demand for rental units from students and faculty, providing a stable and attractive investment opportunity. The asking price is $725,000, translating to a price per square foot of $107.89. The property's Hunt County location, with a Commerce, TX 75428 zip code, offers convenient access to local amenities and the university. This 8-plex presents a compelling investment prospect for those seeking a property with a blend of updated features and consistent rental income potential. The property's APN is 70126.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Commerce
- County
- Hunt
- State
- Texas
- Longitude
- -95.900045
- Latitude
- 33.2432087
