INVESTMENT PORTFOLIO of five (5) single family 3 bedroom, 2 bath homes in one easy to maintain location. Rental rates average $1,863 per occupied unit and include kitchen appliance package with microwave, vent-hood, dishwasher, refrigerator and washer/dryer. The complex is conveniently located just a few blocks off Hwy 290 and the local business district of downtown Giddings. With proven occupancy levels, easy to maintain construction design and finish-out, and built in efficiencies, this property offers investor/owner options - continue to operate as rentals units with the option to divide and sell homes individually.
The main house offers two cozy bedrooms, each with its own ceiling fan, a spacious kitchen, a bathroom, a combined living and dining room with two ceiling fans, and a utility room. Originally a detached garage in front of the home has been transformed into an efficiency apartment featuring a bath, kitchenette and utility area. Attached to the efficiency apartment is a large storage area that, with a little effort, could become 2 bedrooms transforming the efficiency into a 2 bedroom apartment itself. This will rise the sq ft to 2144 per the tax records. At present the owner lives in the home and a family relative is living in the efficiency apartment, so neither area is officially rented.
Giddings is located in Texas. Giddings, Texas has a population of 4,986. Giddings is less family-centric than the surrounding county with 17.53% of the households containing married families with children. The county average for households married with children is 28.94%.
The median household income in Giddings, Texas is $55,427. The median household income for the surrounding county is $60,750 compared to the national median of $69,021. The median age of people living in Giddings is 37.6 years.
The average high temperature in July is 95 degrees, with an average low temperature in January of 38 degrees. The average rainfall is approximately 37.8 inches per year, with 0 inches of snow per year.