24829 State Highway 64Canton, TX 75103

Property Details for 24829 State Highway 64

Year built

1953

Property size (Sq ft)

225 SF

Property type

Commercial real estate

APN

016.0198.0568.0002.0004

APU

160198056800020004

Description

This exceptional investment opportunity in Canton, TX, presents 18 income-producing rental units situated on a substantial 4.3-acre lot. Conveniently located near the renowned First Monday Trade Days Grounds, this property offers immediate income potential with all units currently occupied. The diverse unit mix includes a three-bedroom, two-bathroom house, along with duplexes, studios, and efficiency apartments, catering to a wide range of tenants. The property's location outside city limits, yet close to town, provides a unique advantage. Infrastructure is robust, featuring two wells and three septic systems, ensuring reliable water and waste management for all units. The substantial acreage offers potential for future expansion, allowing for the addition of more rental units or storage facilities to further increase revenue streams. This turnkey operation is a rare find for investors seeking a high-return, centrally located property with significant upside potential. The property's current high occupancy rate and diverse unit mix contribute to a strong cash flow, making it an attractive investment for both seasoned and new investors in the East Texas market. This is a chance to acquire a well-established, income-generating asset with significant growth opportunities.

• Alternative Use

  Use

  Valuation

  Residential

  $56,717

  Hospitality

  $51,952

  Educational

  $43,224

  Medical

  $44,710

  Retail

  $67,237

Location Insight

City

Canton

County

Van Zandt

State

Texas

Latitude

32.5475

Longitude

-95.8489

Property Tax & Assessments

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