1401 HIGHWAY 84 BYP
{{ currency(unitsTotalRentalRate, 0, '-') }} {{ currency(calcParams.strRentalRate, 0, '-') }} {{ currency(monthlyRental, 0, '-') }}
Total Monthly Rent Avg. Nightly Rate Rental Rate{{ currency(propertyValue, 0, '-') }}
Property Value{{ currency(calcParams.purchaseprice, 0, '-') }}
Purchase Price{{ currency(flipTotalCashInvested) }} {{ currency(calculatedResults?.existingInvestmentSummary?.investmentBasis.total) }} {{ currency(totalInvestment) }}
Cash Required Total Investment Initial Investment{{ currency(calculatedResults?.existingInvestmentSummary?.investmentBasis.total, 0, '-') }} {{ currency(totalInvestment, 0, '-') }}
Total Investment Initial Investment{{ currency(netEquity) }}
Current EquityEXCELLENT LOCATION OFF HIGHWAY 84 ON NORTH SIDE OF COLEMAN TO OPEN A BUSINESS OR APARTMENT UNITS! 4218 SQ FT OF SPACE UNDER ONE ROOF ZONED COMMERCIAL LIGHT! FORMERLY A RESTAURANT, THIS BUILDING HAS BEEN CONVERTED INTO 3 INDIVIDUAL APARTMENT UNITS. OLD KITCHEN AREA IS LOCATED IN THE SOUTHEAST CORNER OF THE BUILDING. EXTERIOR OF THE BUILDING IS BRICK ON A FOUNDATION SLAB WITH COMPOSITION ROOF! UNIT A IS THE SMALLEST UNIT WITH KITCHEN, LIVING AREA, FULL BATHROOM AND ONE BEDROOM. UNIT B HAS 3 BEDROOMS, 1 BATHROOM, KITCHEN, DINING AREA AND LARGE LIVING AREA. UNIT C HAS OPEN FLOOR PLAN WITH LARGE ROOM FOR KITCHEN, LIVING AND DINING AREAS, 3 BEDROOMS AND 1 BATHROOM. ALL UNITS HAVE LAMINATE OR TILE FLOORING, HIGH CEILINGS, CEILING FANS AND GAS FIXTURES TO ADD A HEAT SOURCE. SOME UNITS HAVE MULTISPLITS OR WINDOW UNITS FOR COOLING. OLD HVAC SYSTEM IN THE BUILDING BUT IT IS NOT IN WORKING CONDITION. NO LAUNDRY FACILITIES. KITCHEN AREA IS IN THE SOUTHEAST CORNER OF THE BUILDING. ALL APPLIANCES IN COMMERCIAL KITCHEN HAVE BEEN REMOVED. LOCATION IS KEY TO THIS UNIQUE PROPERTY! LOCATED ON THE HIGHWAY 84 BYPASS, HEAVY TRAFFIC AREA AS PEOPLE DRIVE AROUND COLEMAN. EXCELLENT LOCATION FOR A NEW BUSINESS OR RESTAURANT AS IT IS LOCATED RIGHT NEXT TO A MOTEL AND APARTMENT COMPLEX. SELLER IS UNAWARE IF APARTMENT UNITS MEET CITY CODES SO DUE DILIGENCE NEEDS TO BE DONE. HOWEVER, THE NEED FOR RESIDENTIAL LIVING IS A GREAT ONE IN THE CITY OF COLEMAN SO UTILIIZATION AS APARTMENT RENTALS COULD BE AN OPPORTUNITY AS WELL, PER VERIFICATION WITH CITY. CONTACT THE LISTING AGENT, SUJO MCKEE, FOR A PRIVATE TOUR TODAY!
List Price: | $249,900 | |
---|---|---|
List date: | 11/25/2024 | |
Days on Rescover: | 28 | |
MLS Source: | NTREIS | |
MLS Number: | 20775348 | |
MLS Data Sync: | 12/23/2024 9:44 AM CST |
Offcanvas with body scrolling