3709 Mount Royal Street
Property Description
Turnkey investment opportunity in the heart of Cockrell Hill. Both units are leased with solid terms through late 2026 and early 2027, generating $2,675 a month in immediate rental income. Each unit is a 2 bedroom, 1 bathroom with 712 Sq ft. Total 4 bed, 2 bath 1424 sq ft. Both units have had significant upgrades including paint, refinished wood floors, stone countertops, updated bathrooms. Updated windows, composition roof, exterior paint, water heaters and updated HVAC units all in 2018. Originally appraised at $475,000 in 2022, this property is now available for $370,000, offering significant built-in value. Two detached garages include a spacious two car structure ideal for conversion to an Accessory Dwelling Unit (ADU), an untapped opportunity to boost rental income and property value. Plus another one car garage with a storage space, with more driveway parking as well. Lots of opportunities for rental income, storage income, turn a garage into a business.
Broker Details
BK Real Estate LLC 806-281-8511
MLS ID: 0765963 State License Number: 0765963
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $359,000 |
| No. of Units: | 2 |
| Year Built: | 1942 |
| Opportunity Zone: | No |
| Price per unit: | $179,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NTREIS-21218384
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