Remarks

This 4-unit Small-Commercial building in Ingleside has three units currently filled for immediate income. 8.5-10% CAP Rate when fully occupied. The fourth unit is currently vacant, giving you the flexibility to use it as an Owner-occupied unit, or easily rent it out at an affordable price ($1150-1300/month, easily under $1.35/SF). Many small businesses would love a brick-and-mortar location, but just can't afford rents anywhere that's not far off the beaten path. This location is 1 block off Main Street, next door to the old Post Office, and generally in a higher traffic commercial area. Adjacent is a doctor's office and Insurance office, with a restaurant, children's academy, and Mini Storage all a block away. The 4 units are 2734, 2736, 2738, and 2740 Dallas, though one tenant occupies 2738 and 2740 units. 2734 and 2736 both have garages on the back on concrete slabs, and could easily be a combined space, or made to have overhead doors for parking and storage access from the alley.

Details

MLS#: 444961
Price: $375,000

Style: Office
Sq Ft: 4670
Year Built: 1968

County: San Patricio
Subdivision: Ingleside-houghton
Lot Size: 85x110