For Sale
$120,000

718 College Ave Troy, TX 76579

Tenant-occupied duplex; great investment.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This mixed-use property in Troy, Texas, presents a compelling investment opportunity. Priced at $120,000, this 0.42-acre lot features a duplex with two tenant-occupied units, generating immediate cash flow through month-to-month leases. Unit A boasts 3 bedrooms and 2 bathrooms, while Unit B offers 2 bedrooms and 1 bathroom. Both units are equipped with modern conveniences including dishwashers, vent hood stoves, ample counter space, and ceiling fans. Bathrooms include shower/tub combos and generous storage. A detached 2-car garage provides additional parking and storage, a highly desirable amenity for renters. The property also includes a covered patio and a chain-link fence for added security and privacy. A unique buyer protection plan offers a 12-month buyback guarantee, providing peace of mind for the purchaser. Additional incentives for qualified buyers may include a 1% interest rate buy-down, assistance with selling their existing home, a free one-year home warranty, and the use of a moving truck. This property offers a blend of immediate return and long-term potential, making it an attractive investment in the thriving Troy market. The address is 718 S College Avenue, Troy, TX 76579.

Highlights

  • $120,000 asking price for a mixed-use property.
  • 1% interest rate buy-down available for qualified buyers.
  • Seller will buy buyer's existing home.
  • One-year home warranty included.
  • Free moving truck use for qualified buyers.
  • Tenant-occupied duplex with immediate cash flow; month-to-month leases.

Property Details for 718 College Ave

Property type
Mixed-use properties
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Troy
County
48027
State
Texas
Latitude
31.2164375
Longitude
-97.286868

FAQs

What type of property is this?
Mixed-use property - Tenant-occupied duplex; great investment.
Where is the mixed-use property located?
The property is located at 718 College Ave Troy, TX.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: $120,000 asking price for a mixed-use property.; 1% interest rate buy-down available for qualified buyers.; Seller will buy buyer's existing home.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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718 College Ave
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