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$780,000
Est. payment /mo
5,742 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,742 sqft
Price per Sqft $135
Subdivision City Of Burton
MLS Listing ID 3763784
Year Built 1914
Annual Tax Amount $7,225
Tax Year 2025
Lot Size 1.310 Acres
Acres 1.31
Property Sub-Type Apartment
Source actris
Property Description
Excellent opportunity for residential income producing property in small town Texas! Rare chance to own 1.3 acres in the middle of town. Located in the historic town of Burton, TX, halfway between Houston and Austin in the rolling hills of Washington County. Property is historic itself in that the building was built in 1914 as Burton's public school and afterwards became a home for senior citizens. Building has been lovingly maintained over the years and transitioned to the town's only apartment property. Currently set up with One bedroom and Two-bedroom units- 6 units in the building, as well 2 cottages on the property. Property has on site washer/dryer facilities for tenant's use. Units have excellent occupancy rates, 2% vacancy over last two years and a 7.13% cap rate.
Location
State TX
County Washington
Interior
Heating Ductless
Cooling Ceiling Fan(s), Ductless
Flooring Carpet, Laminate, Linoleum
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected
View City
Total Parking Spaces 20
Building
Story 1
Foundation Block, Slab
Sewer Public Sewer
Water Public
Structure Type Masonry – Partial,Cement Siding
New Construction No
Others
Special Listing Condition Standard
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Listed by Market Realty, Inc.
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