421 E Henderson Street, Cleburne, TX 76031
sale
$538,000
|
Business
Courtesy Of Coldwell Banker Bob King Realty, Listed By Cheri White
Opportunities abound with this property that could possibly be retail on the 1st floor and a residence on the 2nd floor or continue to be a residential income investment property. Discover a piece of Texas history with this charming property built in 1896 in the heart of the downtown historic district. Originally designed as a hotel, this designated historical building has been thoughtfully adapted into a multifamily setup, featuring three updated apartments for generating steady rental income while preserving its vintage appeal. Spanning approximately 8,000 square feet on a spacious 0.505-acre lot, the property offers versatility for various uses including hotel motel, food service, office, retail, or continued residential use. The second floor apartment spans the entire floor and features 5 bedrooms, a full kitchen, living room and office with custom built in shelving. Enjoy modern comforts such as central heating and air conditioning, dishwasher, disposal, and microwave in units, paired with classic features such as brick and stucco foundation, tar and gravel roof, and high ceilings (11-14 feet) with wood and concrete flooring. Outside, the property features a huge lot with a private patio in the back, an upper deck for outdoor relaxation, and a sprinkler system for easy maintenance. With 12 common parking spaces and convenient access via East Henderson, this property is ideally positioned for tenants or business operations. Additional highlights include individual water meters, city sewer utilities, and no HOA fees. This income-producing gem currently has low rents with significant upside potential, making it a smart investment in a growing area. Built area: 6,336 sq ft (gross); 4 units total. Zoning is MF-2 High-Density Residential District. The site is also located in the Downtown Core Overlay (DTC). Don't miss your chance to own this beautiful historical asset.
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Virtual Tour
Property Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Architecture Style: Other
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Exterior Type: Stucco
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Hardwood
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: LOT 5,6, 6A1 BLK 376 ORIGINAL CLEBURNE 419, 4
- MLSID: 21129224
- Roof Type: Flat
- Roof Type: Tar/Gravel
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