12 AC S State Highway 78 , Leonard, Fannin County, Texas 75452, USA

Property Description

Wonderful opportunity to purchase two buildings on Rockaway Beach Blvd.The first 19 unit building consists of Single Room Occupancy apartments and One Retail Commercial unit.There is a commercial store ground floor with 7 years remaining on the lease.The second building just behind building the main SRO consists of five free market and well maintained Two bedroom apartments.Currently all of the 2BR units have tenants in place and paying rent.The SRO has 4 tenants and 15 vacanciesRent Roll upon Request*Brand new hotel high rise just built on the same block, booming neighborhood

Basic Details

Property Type: Commercial Sale
Listing Type: For Sale
Listing ID: 20411617
Price: $1,595,000
Lot Area: 12.01 Acre
Status: Active
Office Name: RE/MAX Town & Country
Agent Name: Michael Reid
Property Sub Type: Commercial Building

Features

Fence Barbed Wire
Utilities Electricity Available,Co-op Water,Co-op Electric,No Sewer,Rural Water District

Address Map

Country US
State TX
County Fannin
City Leonard
Zipcode 75452
Street: State Highway 78
Street Number: 12 AC
Longitude: W97° 42' 5.5''
Latitude: N33° 22' 29.3''
Street Dir Prefix: S

Neighborhood

Elementary School: Leonard
High School: Leonard
School District: Leonard ISD

Additional Information

Current Use: Agricultural,Investment,Grazing
Possible Use: Agricultural,Development,Equine,Grazing,Horses,Hunting/Fishing,Multi-Family,Pasture,Place of Worship,Ranch,Recreational,Residential,Resort,Single Family,Warehouse
Previous Price: 690000.00