325 Hwy 75 North
3.92 Acres
Office/Warehouse
| LEGAL: | 3.92 acres out of the P. Gray League, A-24, City of Huntsville, Walker County, Texas |
| LOCATION: | 325 Hwy 75 North, Huntsville, TX 77340 |
| ACCESS: | 230' of frontage on Highway 75 North approximately 1/2 mile north of 11th Street. |
| UTILITIES: | Water, Sewer, Garbage- City of Huntsville Gas- Entex Telephone- AT&T |
| IMPROVEMENTS: | Multi-building complex consisting of office/warehouse building, a single-family residence with detached garage & warehouse buildings. Some have pitched metal roofs & others have gabled roofs. All have metal frame construction. Driveway & parking areas are concrete & asphalt. |
| COMMENTS: | Great upside potential with an increase in the current below market rents. Very well maintained investment property in great location. |
| PRICE: | $1,125,000 |
| CONTACT: | John Paul Lampson HomeLand Properties, Inc. 1600 Normal Park Huntsville, TX 77340 936-295-2500 Office 936-295-9575 Fax www.homelandproperties.com E-mail: jplampson@homelandprop.com |
| *The information contained herein is from sources deemed reliable but is not guaranteed by HomeLand Properties, Inc. The offerings are subject to change in price, errors, omissions, prior sales or withdrawal without notice. Acreage size and dimensions are approximate. Licensed co-brokers are welcome to show this property by advance appointment and will receive a co-broker fee if the co-broker accompanies their buyer from the first showing to the closing of a sale. | |
| Income/Expense Summary | ||||||
| Income: | $128,100 | |||||
| Less: Vacancy (5%) | ($6,405) | |||||
| Effective Gross Income | $121,695 | |||||
| Expenses: | ||||||
| Taxes | $ 16,911 | |||||
| Insurance | $ 2,170 | |||||
| Management | $ 6,085 | |||||
| Maintenance/Repairs | $ 6,085 | |||||
| Utilities | $ 6,060 | |||||
| Total Expenses |
($37,311) |
|||||
| Net Operating Income | $84,384 | |||||
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