Status: Active
507 S Central Ave?
Troy, TX 76579
10% Drop
$350,000
$315,000
------/mo*
Calculate**For Sale: .74 Acre Property with 2 homes zoned GENERAL BUSINESS(COMMERCIAL) BY CITY OF TROY, each HOME with its own water and electric meter. House 1 is a Turn-of-the-Century Farmhouse built in 1918 with SOLID BONES offering 3 Bedrooms, 1 Bath, Parlor Room, Living and Dining Rm Combo, Kitchen, and Laundry Rm. House 2 is solid & was built in the late 90's by Jim Walter Homes features Central Heat and Air, 4 Beds 2 Baths, Dining and Kitchen. Discover an exceptional investment opportunity along the northbound I-35 service road in Troy, Texas. This 0.74-acre property features 2 homes that will need some attention, but already brimming with historical character and RENTAL INCOME potential.
**Property Highlights:**
- **Location:** Situated strategically along the northbound I-35 service road, offering high visibility and easy access.
- **Size:** Generous 0.74-acre lot, providing ample space for various development opportunities or ready for Rental Income.
- **Zoning is General Business by the City of Troy for future commercial usage, aligning with upcoming development plans for the area.
This property presents a unique blend of historical appeal and prime commercial potential. Whether you’re looking to invest in a property with two rental homes or explore redevelopment possibilities, this site offers a compelling canvas for your vision. Don’t miss out on the chance to be part of Troy’s exciting growth and transformation!
**Contact us today** to learn more about this remarkable property and explore the possibilities that await.
30 day lease back will be needed for move out.
Read more- Bedrooms
- 3
- Baths
- 1
- House Size
- 2,720 sqft
- Year Built
- 1918
- Lot Size
- 0.74 ac
- School District
- Troy ISD
Location
Market Insights
In the last 30 days, homes for sale in 76579, Troy, TX were on the market for a median of 150.5 days and 14.29% of homes sold above list price.
Buy a new home knowing you’ll sell your current one.? 91破解版 guarantees your home will sell, so you can buy your next one worry-free.
Interior Information
- Appliances
- Water Heater
- Some Gas Appliances
- Cooling
- None
- Features
- Ceiling Fan(s)
- Fireplace
- None
- Flooring
- Carpet
- Hardwood
- Unfinished
- Heating
- None
- Laundry
- Inside
Exterior Information
- Features
- None
- Fence
- Chain Link
- Partial
- Pool
- None
- View
- None
Property Information
- Amenities
- None
- ArchitecturalStyle
- Ranch
- Construction
- Wood Siding
- Foundation
- Pillar/post/pier
- Lot
- City Lot
- 1/2 To 1 Acre Lot
- Road
- Highway
- Asphalt
- Roof
- Composition
- Shingle
- Sewer
- Public Sewer
- Utilities
- Water Available
- WaterSource
- Public
- Listed By Joe Olivares
- joe@joeolivareshomes.com
- (254) 913-5734
- Homestead Real Estate
- (254) 238-7021
- MLS 556031
School Information
Schools
Assigned
?
Schools
Type
Grades
Distance
C+Troy Elementary SchoolPublic2 - 50.49 mi.
C+
Troy Elementary School
Public
2 - 5
0.49 mi.
Students
455
Student to Teacher Ratio
15:1
C+Troy High SchoolPublic9 - 120.63 mi.
C+
Troy High School
Public
9 - 12
0.63 mi.
Students
445
Student to Teacher Ratio
14:1
N/AMays Elementary SchoolPublicPK - 10.66 mi.
N/A
Mays Elementary School
Public
PK - 1
0.66 mi.
Students
295
Student to Teacher Ratio
15:1
BRaymond Mays Middle SchoolPublic6 - 80.72 mi.
B
Raymond Mays Middle School
Public
6 - 8
0.72 mi.
Students
376
Student to Teacher Ratio
16:1
School information provied by Attom
Monthly Payments Calculator
Estimated Monthly Cost
$2,122
30 year fixed·6.9% interest rate
- Principal & Interest
- $1,660
- Property Taxes
- $263
- Home Insurance
- $200
- HOA Fees
- $0
*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.