Address
2002 Washington Street, Commerce, TX
Price
$ 850,000
Property Attributes
  • MLS#20589290
  • TypeMulti-Family
  • CountyHUNT
  • CityCommerce
  • NeighborhoodOrig Town Of Commerce
  • Zip75428
  • StyleApartment
  • Year Built1976
  • Taxes$ 12424
  • Price$ 850,000
  • Bedrooms16
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size0.414 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Exciting investment opportunity in a bustling college town! This 8-plex apartment complex, conveniently located near Texas A&M Commerce, features eight 2-bedroom, 1-bath units. Half of the units have been beautifully remodeled, boasting luxurious granite countertops and durable LVP flooring, adding a touch of elegance and ease of maintenance. Each apartment caters to a steady demand from university students and faculty, ensuring consistent rental income. Ideal for savvy investors seeking a property with attractive upgrades and stable tenant appeal. Don't miss out on this prime real estate opportunity!

Elementary School
Commerce Elementary School
Price History
4/17/2024 Listed $850,000

General Features

Heating Central,Electric
Complex Name Wasington St Apartments
Cooling Ceiling Fan(s),Central Air,Electric
Utilities All Weather Road,City Sewer,City Water,Electricity Connected,Overhead Utilities
Possession Closing/Funding
Roof Shake
Appliances Electric Range,Refrigerator
School District Commerce ISD
Capitalization Rate 0.00
Year Built 1976
Tenancy Over 9 Months
Levels One
Unexempt Taxes 12424
Will Subdivide No
Gross Annual Expenses 0.00
Property SubType Apartment
Subdivision Name Orig Town Of Commerce
County Hunt
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
HOA Type None
# of Buildings 2
Status Active
Directions From Culver St,turn onto Washington and property will be on the right
City Commerce
Buyer Agent Compensation 2.5
Elementary School Name Commerce
High School Commerce
Street Name Washington
Elementary School Commerce
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20589290
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available,Granite Counters,Open Floorplan
Flooring Luxury Vinyl Plank
Total Units 8
Unit Count 1
Full Baths 8
Lock Box Type None
Street Suffix Street
Total Bedrooms 16

Exterior Features

Parking Features Common,On Site,Parking Lot
Foundation Slab
Lot Size Area 0.4140
Number Of Parking Spaces 10
Lot Size Units Acres
Building Area Total 6720.00
Lot Size Square Feet 18033.8400
Lot Size Acres 0.4140

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 75428

Price
AVG $520K
$850K
Taxes
AVG $8,430
$12,424
Visits
AVG 36
18
Data Provided by Inside Real Estate®
Year Built
AVG 1978
1976