804 2Nd St Taylor, TX 76574
- Residential income homes
- 3,854 SF
- 0.19 lot acres
Current Use by Public Records
- Mez Insurance / Insurance Agency
Property Details for 804 2Nd St
- Year built
- 1940
- Lot size
- 0.19 lot acres
- Property size
- 3,854 SF
- Property type
- Residential income homes
- APN
- R016469
Description
This exceptional investment opportunity presents a four-unit multifamily property located at 804 W 2nd St, Taylor, TX 76574. Boasting a prime location on a corner lot along the main thoroughfare into Taylor, this property offers significant upside potential. The 3,854 square foot property, built in 1940 and extensively renovated in 2022, sits on a 0.19-acre lot and is zoned B-1, permitting both commercial and residential use. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $49,536, resulting in a 7.09% cap rate. The asking price is $699,000, translating to $181.37 per square foot and $174,750 per unit. The property's strategic location offers easy access to Samsung, approximately 5 minutes away. Three of the four units present a unique opportunity for conversion into commercial office space, significantly increasing the property's value and rental income potential. This is a stabilized investment with a strong historical performance and significant future growth prospects in a rapidly developing area. The property's grandfathered zoning status adds to its appeal. This is a rare chance to acquire a high-performing multifamily property with considerable flexibility and upside in a thriving Texas market.
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
- Taylor
- County
- Williamson
- State
- Texas
- Longitude
- -97.417457562574
- Latitude
- 30.568021403906
