706 Crockett Rd Palestine, TX 75801
- Small apartment buildings
- 1,440 SF
- 0.23 lot acres
Current Use by Public Records
- Small apartment buildings
Property Details for 706 Crockett Rd
- Year built
- 1939
- Lot size
- 0.23 lot acres
- Property size
- 1,440 SF
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palestine
- County
- Anderson
- State
- Texas
- Longitude
- -95.6242781
- Latitude
- 31.7540238
