510 6Th St Mineral Wells, TX 76067
This charming 1920s-era triplex in Mineral Wells, Texas, presents a unique investment opportunity. Located at 510 NW 6th St (also including 508 NW 6th St), this property sits on a 0.23-acre lot and consists of two buildings, each two stories high. The property features two spacious two-bedroom apartments and a one-bedroom apartment located in a converted garage. Recent updates include plumbing upgrades throughout, a kitchen renovation in the downstairs unit in 2022, and upstairs unit and garage apartment bathroom and plumbing updates completed in 2023. While some cosmetic work and electrical updates are needed, this property offers significant potential for rental income or multigenerational living. The asking price is $299,000, translating to $82 per square foot. The property's APN is 27853. This is an excellent opportunity to own a piece of Mineral Wells history and capitalize on the potential for future appreciation. The property is located in Palo Pinto County, Texas, zip code 76067. This multifamily investment is ideal for those seeking a hands-on project with high return potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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