$485,000

Description

Fully leased mixed-use investment opportunity in Historic Downtown Elgin 2,314 SF total improvements featuring: ?1,008 SF retail storefront ?1,306 SF residential apartment (2 bed / 1 bath) Stabilized dual-income asset with one commercial tenant and one residential tenant in place Current in-place income producing Below-market leases provide future upside potential through rental increases and lease repositioning Extensive renovation completed in 2016 including: ?Electrical wiring ?Plumbing systems ?Interior improvements New roof installed October 2021 Located along the highly visible North Main Street corridor in Downtown Elgin Positioned within the rapidly expanding Central Texas growth corridor east of Austin Ideal opportunity for: ?1031 exchange buyers ?Long-term appreciation investors ?Mixed-use portfolio investors ?Owner-users seeking supplemental income Walkable downtown location surrounded by restaurants, retail, and local businesses Low-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus.

Property Details

Listing Agent