706 Crockett Rd Palestine, TX 75801
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.