1507 Of 2Jacksonville, TX 75766

Property Details for 1507 Of 2

Year built

1993

Lot size

3.21 AC

Property size (Sq ft)

4,525 SF

Property type

Mixed-use properties

Property subtype

Self storage facilities

Description

This exceptional mixed-use investment opportunity in Jacksonville, Texas, presents a compelling combination of income-producing assets. The property comprises two buildings situated on a 3.21-acre lot, zoned G-Commercial. A 4,525 square foot metal storage building houses fifteen fully leased units (ten 12' x 24' and five 6' x 24'), generating substantial rental income. Additionally, a 1,400 square foot, two-bedroom, one-bathroom residential home is included, also fully leased until August 1, 2025. This property boasts 418 feet of frontage on S Bolton St, ensuring high visibility and convenient access. The current net operating income (NOI) stands at $24,300, representing a 6.48% cap rate. The asking price is $375,000, offering a strong return on investment. Built in 1993, this Class C property is currently 100% occupied under a gross lease agreement. The significant lot size presents potential for future development or expansion. This owner-user investment is a rare find, combining immediate income with long-term growth potential. The property is located at 1507 S Bolton St, Jacksonville, TX 75766.

Location Insight

City

Jacksonville

County

Cherokee

State

Texas

Latitude

31.9463

Longitude

-95.272

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