923 W Dallas Ave, Cooper, TX 75432
sale
$675,000
|
Other
Courtesy Of RE/MAX Tyler
EXCELLENT INCOME OPPORTUNITY!!! This well-maintained mixed-use property has approximately 10,000 sq' of multi-family and retail space on 1.4 acres located in the city of Cooper at the corner of Tenth St and W Dallas Ave (AKA Business 24). There is an 11-unit studio apartment complex that is 100% occupied with mostly long-term tenants and there is a wait list. There is a coin operated laundromat for tenants use only. There is a .5-acre vacant corner lot adjacent to the apartment building that can also be developed with easy access to electric, public water and sewer, natural gas and internet at the corner of W Dallas Ave and Tenth St. There is a 1,250 sq' single family residence on the property that can be used as a residential rental (currently not being rented). There is a very charming commercial 1,765 sq' retail building on the property that is currently occupied by a tenant who has a barber shop and tanning salon. Here, you are 16 miles to Commerce, TX, 59 miles to Rockwall, TX and 76 miles northeast of Dallas. This property sits at about a 7% cap rate with room for improvement and is priced at about $72.50 per sq'
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Property Features
- Architecture Style: Other
- Exterior Type: Concrete
- MLSID: 25010473
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