tomo logo

$1,500,000

Beds
2
Baths
1.0
sq ft
19,696

601 County Road 3721, Athens, TX 75752

601 County Road 3721

Athens, TX 75752

  • 30 days on market
SELLER SAYS SELL!! Bank recently appraised for $1,645,000. Remodeled, rehabbed property being sold as-is. There are four two-story buildings with a total of 22 (2 bedroom 1 bath) units. In addition, a single family home was converted into a 2 bedroom 1 bath unit (Apt. #23), the leasing office and a washateria. A vacant lot behind the single family home is also included in the package. The property is all electric with central heat and air. Refrigerators and stoves are provided. Owner pays water and trash; tenants pay their own electric. Rents can easily be increased, and new owners can charge back for water through a RUBS program to generate additional income. Excellent long-term potential due to the property's location in a growing area and on high traffic count Hwy. 19. BRING ALL OFFERS!! Please do not disturb tenants. Buyer to verify schools.

Details

Property type

Apartment

Lot size

1.029 acres

Price per sq ft

$77

Year built

1982

Price History

10/23/2024
NTREIS

NTREIS #20759245

Listed
$1,500,000

Schools & Community

Elementary school: 

Central Athens

Middle school: 

Athens

High school: 

Athens

School district: 

Athens ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Citizens National Bank

Loan start date

March 2021

Original loan amount

$895,000

Est. remaining balance

Not provided

Interest rate

3.12%

Loan type

Commercial, 20 year

Seller

Blue Skies Ahead Llc

Lender

Austin Bank Texas Na

Loan start date

December 2019

Original loan amount

$679,000

Est. remaining balance

Not provided

Interest rate

3.78%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Blue Skies Ahead Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 1:55 PM

Listing updated: 10/23/2024 at 4:12 PM

Listed by: Orr Hernandez, Centurion Real Estate - Texas Phone #: (817) 320-1015

MLS: NTREIS #20759245

NTREIS logo

Recently listed in Athens

$585,000|2 bd|3.0 ba|House
$339,000|3 bd|2.0 ba|House
$275,000|3 bd|2.0 ba|House
$190,000|3 bd|2.0 ba|House
$319,000|3 bd|2.0 ba|House
$445,000|3 bd|2.0 ba|House
$323,000|3 bd|2.0 ba|House