$350,000
For Sale

507 S Central Avenue

Troy, TX 76579
2720 sqft | 3 beds | 1 bath | 0.74 acres | #556031
Browse 2 photos
Type:Purchase
Structure:House
Zone:Residential

Description

**For Sale: .74 Acre Property with 2 homes zoned GENERAL BUSINESS(COMMERCIAL) BY CITY OF TROY, each HOME with its own water and electric meter. House 1 is a Turn-of-the-Century Farmhouse built in 1918 with SOLID BONES offering 3 Bedrooms, 1 Bath, Parlor Room, Living and Dining Rm Combo, Kitchen, and Laundry Rm. House 2 is solid & was built in the late 90's by Jim Walter Homes features Central Heat and Air, 4 Beds 2 Baths, Dining and Kitchen. Discover an exceptional investment opportunity along the northbound I-35 service road in Troy, Texas. This 0.74-acre property features 2 homes that will need some attention, but already brimming with historical character and RENTAL INCOME potential.
**Property Highlights:**
- **Location:** Situated strategically along the northbound I-35 service road, offering high visibility and easy access.
- **Size:** Generous 0.74-acre lot, providing ample space for various development opportunities or ready for Rental Income.
- **Zoning is General Business by the City of Troy for future commercial usage, aligning with upcoming development plans for the area.
This property presents a unique blend of historical appeal and prime commercial potential. Whether you’re looking to invest in a property with two rental homes or explore redevelopment possibilities, this site offers a compelling canvas for your vision. Don’t miss out on the chance to be part of Troy’s exciting growth and transformation!
**Contact us today** to learn more about this remarkable property and explore the possibilities that await.
30 day lease back will be needed for move out.

  • Interior Details
      • InteriorCeilingFans
    • Beds & Baths
      • Bedrooms3
      • Bathrooms1
      • Full Baths1
  • Property Details
      • Acres0.742
      • Square Feet2720
  • Construction Details
      • Property TypePurchase
      • StyleRanch
    • Condition
      • Year Built1918
    • Material information
      • FoundationPillarPostPier
  • Utilities / Energy Details
      • Utility FeaturesWaterAvailable
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • School DistrictTroy ISD
      • CountyBell
  • Financial Details
      • Original List Price$325,000
  • Other
      • MLS #556031

Location

The Dick Dallas AgencyReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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