$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 #556031
Price change
$350,000
+7.69%
09/06/2024
CentralTexas #556031
Listed
$325,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: None
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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