For more information regarding the value of a property, please contact us for a free consultation.
1704 Commercial AVE Anson, TX 79501
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $499,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,367 sqft
Price per Sqft $78
Subdivision Buie Hanna Morrow Anson
MLS Listing ID 20148354
Sold Date 12/08/22
HOA Y/N No
Year Built 1999
Annual Tax Amount $4,341
Lot Size 0.398 Acres
Acres 0.398
Property Sub-Type Apartment
Property Description
The Commercial Apartments is a 12 unit apartment that sits at the crossroads of HWY 277 and 180. This property has seen recent renovations including a new TPO roof, exterior work, and unit upgrades. A few units remain to be upgraded but all units that have been upgraded have new flooring, paint, updated kitchen cabinets, bathrooms, significant HVAC work, granite countertops in several units, new lighting fixtures, appliance packages and new plumbing top outs and plumbing work. The common area was painted and new flooring was added. 8 units are ready to be leased and are currently being pre-leased.
The Commercial Apartments leaves significant value add opportunity which would include renovation of the on-site laundry facilities and finishing the balance of the unit turns. Implementing a Ratio Utility Billback System will increase net operating income and add greater cash flow upon stabilization.
Location
State TX
County Jones
Direction 5 blocks south of the Jones County Courthouse, at the crossroads of HWY 277 and 180. 1704 Commercial Ave. Anson TX.
Interior
Interior Features Multiple Staircases
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric, Window Unit(s), Wall Unit(s), WallWindow Unit(s)
Flooring Luxury Vinyl, Luxury VinylPlank
Fireplace No
Appliance Electric Range, Electric Water Heater, Refrigerator
Exterior
Parking Features Alley Access, Common, Gravel
Pool None
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Roof Type Other
Accessibility Accessible Approach with Ramp
Total Parking Spaces 15
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Anson
Middle Schools Anson
High Schools Anson
School District Anson Isd
Others
Senior Community No
Tax ID R14070
Financing Contract
Special Listing Condition Standard
Read Less