Courtesy: Market Realty, Inc.
979-289-2159
Excellent opportunity for residential income producing property in small town Texas! Rare chance to own 1.3 acres in the middle of town. Located in the historic town of Burton, TX, halfway between Houston and Austin in the rolling hills of Washington County. Property is historic itself in that the building was built in 1914 as Burton’s public school and afterwards became a home for senior citizens. Building has been lovingly maintained over the years and transitioned to the town’s only apartment property. Currently set up with One bedroom and Two-bedroom units- 6 units in the building, as well 2 cottages on the property. Property has on site washer/dryer facilities for tenant’s use. Units have excellent occupancy rates, 2% vacancy over last two years and a 7.13% cap rate.
Burton is located in Texas. Burton, Texas has a population of 468. Burton is more family-centric than the surrounding county with 43.22% of the households containing married families with children. The county average for households married with children is 28.08%.
The median household income in Burton, Texas is $73,846. The median household income for the surrounding county is $65,913 compared to the national median of $69,021. The median age of people living in Burton is 38.9 years.
The average high temperature in July is 94.9 degrees, with an average low temperature in January of 38.3 degrees. The average rainfall is approximately 40.9 inches per year, with 0 inches of snow per year.
