800 Washington St, Clarksville, TX 75426
- Commercial real estate
- 0.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 800 Washington St
- Year built
- 1976
- Lot size
- 0.90 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained, nine-unit apartment building located at 800 W Washington St, Clarksville, Texas, 75426. The property, built in 1976, boasts a two-story building encompassing 6,400 square feet situated on a 0.9-acre lot. Currently operating at 100% occupancy, this multifamily property offers immediate and substantial rental income. The building is classified as Class C and is zoned MF-33, allowing for a variety of potential uses within the permitted zoning regulations. The property features ample parking with approximately a dozen spaces available for residents. Conveniently located in Red River County, this property is close to the Beverly Heights and Rosehill neighborhoods. The asking price is $589,000, representing a price per unit of $65,444.44. This presents a strong return on investment potential for a savvy investor seeking a stable, cash-flowing asset in a desirable location. The property's strong occupancy rate and convenient location make it an attractive option for both seasoned and new investors in the multifamily market. Further due diligence is recommended to fully assess the investment potential.
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Location Insight
- Map
- Local Demand
- City
- Clarksville
- County
- Red River
- State
- Texas
- Longitude
- -95.0553723
- Latitude
- 33.6091128
