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2507 E Adams Ave, Temple, TX 76501

Beds
8
Baths
5
Sqft
2,633

View property features, location on map, relevant school information and overview from seller's agent.

Listed byAnchor Realty
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Overview

Investor opportunity! Rare chance to own 3 dwellings on 1 acre — nearly impossible to find at this price point. Each home has its own septic system, and all roofs are approximately 3–4 years old.

Property Features – 3 Dwellings
• Dwelling 1: 816 sqft, 3 bed / 1 bath
• Dwelling 2: 704 sqft, 2 bed / 1 bath
• Dwelling 3: 1,113 sqft, 3 bed / 2 bath

All three units are currently rented with leases in place, making this a true turnkey cash-flowing asset for investors looking to park cash and generate immediate income.

Current rents:
• Dwelling 1: $950/mo
• Dwelling 2: $900/mo
• Dwelling 3: $1,100/mo

Total monthly income: $2,950/mo | Annual gross income: $35,400/year

At approximately $275,000 with a minimum 20% down conventional investment loan at 7% interest on a 30-year fixed rate, estimated principal and interest payment is approximately $1,465/mo before taxes and insurance.

This property offers an impressive approximately 12.9% gross cap rate with rents producing roughly double the estimated principal and interest payment, creating exceptional cash flow potential from day one.

Properties with 3 dwellings on 1 acre at this price are extremely hard to come by. Great opportunity for investors looking to expand their portfolio with an income-producing property.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
8
Number of bathrooms
5
Square feet
2,633
Lot size (acres)
1.01
Year built
1923

Interior features

Laundry
Laundry Room, Laundry in Utility Room

Utilities

Sewer
Public Sewer
Water
Public Water

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Central Texas MLS MLS®#: 613629 Last checked:

Information is provided exclusively for consumers personal, non - commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright {{DATE_YEAR}}, Central Texas Board of REALTORS