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Property profile & analytics
OFF-MARKET
Small apartment buildings

706 Crockett Rd Palestine, TX 75801

1,440 SF 0.23 ac lot Built 1939
Property ID
US82-5953951
Property summary
AI-generated overview

This exceptional investment opportunity presents a charming duplex located at 706 Crockett Rd, Palestine, Texas, 75801. This Class B multifamily property, built in 1939 and partially renovated in 2021, boasts a total of 1,440 square feet across two units situated on a 0.225-acre lot. The property features a two-bedroom, one-bathroom unit and a one-bedroom, one-bathroom unit, both currently 100% occupied. The two-bedroom unit underwent renovations in 2021. Each unit is equipped with central HVAC and benefits from separate utility meters, simplifying management. Additional features include a convenient storage building, ample parking behind the building, and under-building storage. While the property is being sold AS-IS, it presents a strong potential for return on investment given its current occupancy and central location in Anderson County. The asking price is $129,500. This sale/leaseback opportunity is perfect for investors seeking a hands-off approach to property management.

Property profile
Verified
Property type Small apartment buildings
Year built 1939
Total area 1,440 SF
Lot 0.23 ac (9,801 SF)
UPID US82-5953951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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