Discover this one-of-a-kind investment opportunity in the Texas Triangle with this recently renovated 16-unit complex boasting 8.8% cap rate and $75k price per door that beat comps. $230k in renovations between 2018-2024, and there are still multiple opportunities to add value and substantially increase NOI! The property boasts two main buildings - 2013 build and 1988 build - with 8 units each, plus a freestanding clubhouse & laundry room, 32-car parking lot, a slab where 8 more units can be built, and 1.05 acre lot providing plenty of room for expansion. All units are identical 2 bed/1 bath with functional floorplan, allowing for easier management. The property has almost no competition in Centerville and is 100% occupied as a result! It is professionally managed and has great long-term tenants in place. Finally, this property boasts effective tax rate of only 0.55% (based on the tax appraisal value).
Multi-use commercial, industrial, and/or storage opportunity in Marquez, Texas. 6 Acres with over 30,000 SF of modern buildings ranging from showroom to warehouse/storage to mechanic shop, all on one site. Facility sits at the intersection of Hwy 79 and FM 1146 (gateway to Lake Limestone). 6,350 SF general use building currently used as a hardware store with offices. 6,000 SF retail building currently used as retail store, 4,000 SF shop, and 4,000 SF enclosed warehouse, plus additional covered storage buildings. Central location with dual access to Interstate 45 to the north and east. Owner will split into two tracts. Seller is willing to leaseback retail store space. Additional 19.4 acres available.
The median home value in Centerville, TX is $208,900. This is higher than the county median home value of $208,000. The national median home value is $338,100. The average price of homes sold in Centerville, TX is $208,900. Approximately 43.48% of Centerville homes are owned, compared to 32.51% rented, while 24.02% are vacant. Centerville real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Centerville real estate agent to arrange a tour today!
Centerville, Texas 75833 has a population of 975. Centerville 75833 is less family-centric than the surrounding county with 12.13% of the households containing married families with children. The county average for households married with children is 27.77%.
The median household income in Centerville, Texas 75833 is $27,011. The median household income for the surrounding county is $48,676 compared to the national median of $69,021. The median age of people living in Centerville 75833 is 38 years.
The average high temperature in July is 93.8 degrees, with an average low temperature in January of 36 degrees. The average rainfall is approximately 42.1 inches per year, with 0.1 inches of snow per year.