Tatum TX Multi Family for Sale
$1,795,000
1465 & 1445 N Hill St Tatum, TX 75691
- Type:
- Rental/Lease
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2016
- Baths:
- MLS#:
- 20246223
ADDITIONAL INFORMATION
Great investment opportunity !!! Income producing property in Prime Location. 16 rental apartment units and a commercial building with tenants in place. Also offers additional expansion area with underground infrastructure in place for easy addition of 16 more rental apartments. Business will continue to lease from new owner for minimum 5 years. Apartments are all occupied and will be due for price increase in Feb 2025. Situated on main access road Hwy 149 beside the new Tatum school for close access and opportunities for both the rentals and business. Perfect location with high traffic site view.
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Tatum Real Estate
The median home value in Tatum, TX is $198,600. This is higher than the county median home value of $184,900. The national median home value is $338,100. The average price of homes sold in Tatum, TX is $198,600. Approximately 41.23% of Tatum homes are owned, compared to 30.44% rented, while 28.34% are vacant. Tatum 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 Tatum real estate agent to arrange a tour today!
Tatum, Texas has a population of 1,234. Tatum is more family-centric than the surrounding county with 31.46% of the households containing married families with children. The county average for households married with children is 30.31%.
The median household income in Tatum, Texas is $46,250. The median household income for the surrounding county is $60,330 compared to the national median of $69,021. The median age of people living in Tatum is 32.1 years.
Tatum Weather
The average high temperature in July is 93.5 degrees, with an average low temperature in January of 35.8 degrees. The average rainfall is approximately 48.5 inches per year, with 0.8 inches of snow per year.