Located in a rapidly evolving part of town, this 4-plex is a prime opportunity for investors looking to maximize potential. While the interior requires significant renovations, key structural updatesâ??including a new roof and a recently stabilized foundationâ??offer a solid starting point. The oversized lot provides ample room for expansion, making it an excellent candidate for additional units to boost rental income. Just a short drive from Texas A&M, this property is ideally situated to attract student tenants, ensuring consistent demand. Whether you transform the existing units or capitalize on the developmental potential, this investment holds endless possibilities in a thriving market. Donâ??t miss out on this chance to build something exceptional! Cash, hard money only. This will not qualify for conventional financing.
Exciting investment opportunity in a bustling college town! This 8-plex apartment complex, conveniently located near Texas A&M Commerce, features eight 2-bedroom, 1-bath units. Half of the units have been beautifully remodeled, boasting luxurious granite countertops and durable LVP flooring, adding a touch of elegance and ease of maintenance. Each apartment caters to a steady demand from university students and faculty, ensuring consistent rental income. Ideal for savvy investors seeking a property with attractive upgrades and stable tenant appeal. Don't miss out on this prime real estate opportunity!
Commerce is located in Texas. Commerce, Texas has a population of 8,667. Commerce is less family-centric than the surrounding county with 24.16% of the households containing married families with children. The county average for households married with children is 31.31%.
The median household income in Commerce, Texas is $37,684. The median household income for the surrounding county is $61,053 compared to the national median of $69,021. The median age of people living in Commerce is 24 years.
The average high temperature in July is 93.3 degrees, with an average low temperature in January of 32.4 degrees. The average rainfall is approximately 45 inches per year, with 1 inches of snow per year.