tomo logo

$350,000

Beds
3
Baths
1.0
sq ft
2,720

507 S Central Ave, Troy, TX 76579

507 S Central Ave

Troy, TX 76579

  • 78 days on market
**For Sale: .74 Acre Property with 2 homes zoned GENERAL BUSINESS(COMMERCIAL) BY CITY OF TROY, each HOME with its own water and electric meter. House 1 is a Turn-of-the-Century Farmhouse built in 1918 with SOLID BONES offering 3 Bedrooms, 1 Bath, Parlor Room, Living and Dining Rm Combo, Kitchen, and Laundry Rm. House 2 is solid & was built in the late 90's by Jim Walter Homes features Central Heat and Air, 4 Beds 2 Baths, Dining and Kitchen. Discover an exceptional investment opportunity along the northbound I-35 service road in Troy, Texas. This 0.74-acre property features 2 homes that will need some attention, but already brimming with historical character and RENTAL INCOME potential. **Property Highlights:** - **Location:** Situated strategically along the northbound I-35 service road, offering high visibility and easy access. - **Size:** Generous 0.74-acre lot, providing ample space for various development opportunities or ready for Rental Income. - **Zoning is General Business by the City of Troy for future commercial usage, aligning with upcoming development plans for the area. This property presents a unique blend of historical appeal and prime commercial potential. Whether you’re looking to invest in a property with two rental homes or explore redevelopment possibilities, this site offers a compelling canvas for your vision. Don’t miss out on the chance to be part of Troy’s exciting growth and transformation! **Contact us today** to learn more about this remarkable property and explore the possibilities that await. 30 day lease back will be needed for move out.

Details

Property type

Single Family Residence

Lot size

0.74 acres

Price per sq ft

$129

Year built

1918

Annual property taxes

$3,993

HOA

No

Price History

09/17/2024
CentralTexas

CentralTexas #556031

Price change
$350,000
+7.69%
09/06/2024
CentralTexas

CentralTexas #556031

Listed
$325,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

None

High school district: 

Troy ISD

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Status: Active

Tomo last checked: 11/23/2024 at 11:10 AM

Listing updated: 10/03/2024 at 3:02 PM

Listed by: Joe Olivares, Homestead Real Estate Phone #: (254) 238-7021

MLS: CentralTexas #556031

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