tomo logo

$575,000

Beds
6
Baths
6.5
sq ft
3,379

716 Center Cir, Salado, TX 76571

716 Center Cir

Salado, TX 76571

  • 3 days on market
Calling all Investors searching for the opportunity of a lifetime in the Historic District of Salado, TX on 1.38 acres! THE LOCATION, across the street from Alexander’s, steps to Barrows Brewery, The Shed, the River, spas, boutiques, and countless restaurants and bars. This triplex property represents an excellent chance to add to the portfolio or for those looking to add passive income. Unit A, currently generating $900/mo is a cozy studio with a full kitchen. Unit B projected to lease at $2000/mo is a stunning large apartment with 2 bedrooms, 2.5 bathrooms + with a huge stand-alone shed; this apartment features a massive gorgeous living room with stunning high-pitched ceiling and incredible natural light, with grand views or the 1.38-acre yard, and private porches, and patios. Unit C, projected to lease at $1975 is a stunning 3 bedroom, 3 bathroom + private car garage apartment. This property is projected to generate $4,875 in total monthly revenue! Not to mention its potential to become an Airbnb which can generate so much more. Whether it's leasing out all three units or occupying one while renting out the others, this triplex offers flexibility to suit various investment strategies. This property also offers the flexibility to be converted into a single-family residence with a lot of potential on 1.38 acres, 6 bedrooms each with full bathrooms, an additional half bathroom, and massive living areas, perfect for a family looking to live an active life in downtown historic Salado. What a great town and location to call home! The property's proximity to major highways provides convenient commuting options to nearby cities, schools, and employers. Invest in the thriving real estate market of Salado, TX, and capitalize on the growing demand for rental properties in this desirable area. Don't miss out on this great investment opportunity and be a part of this great community!

Details

Property type

Single Family Residence

Est. home value

$539,557

Lot size

1.38 acres

Price per sq ft

$171

Year built

Unknown

Annual property taxes

$10,555

HOA

No

Price History

09/17/2024
CentralTexas

CentralTexas #556885

Listed
$575,000
09/17/2024
CentralTexas

CentralTexas #556885

Removed
09/16/2024
CentralTexas

CentralTexas #556885

Listed
$575,000

Schools & Community

Elementary school: 

Thomas Arnold Elementary

Middle school: 

Salado Junior High

High school: 

Salado High School

Community features: 

None

High school district: 

Salado 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

Bancorpsouth Bank

Loan start date

December 2020

Original loan amount

$237,500

Est. remaining balance

Not provided

Interest rate

2.81%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Edith Adriana Troen and Jose S Estrada

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: 09/19/2024 at 9:40 PM

Listing updated: 09/17/2024 at 12:46 PM

Listed by: Kelly A. Hamilton, Comfort Realty LLC Phone #: (512) 791-7990

MLS: CentralTexas #556885

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