Are you ready to dive into the world of real estate investing? This beautifully renovated duplex, dating back to 1940, offers a perfect opportunity to get started. Situated on a prime corner lot, this property boasts a fresh , modern feel while retaining its charming character. With a comprehensive renovation that includes brand new everything - Kitchens, bathrooms, Flooring, Roof, and more - This duplex is move-in ready and waiting for you to make it your own. Whether you're an experienced investor or just starting out, this property presents a unique opportunity to live in one unit while generating income by renting out the other. Don't miss your chance to embrace the potential of this investment.
Don't miss your opportunity to own this income producing duplex near downtown Gilmer. You can live in one side and rent the other. Tenants pay utilities and have separate utility meters. Unit 2 is a 2 bedroom 2 bath and Unit 1 is a 1 bedroom 1 bath. Property is fully rented, both units are occupied. Call today!
12 MOBILE HOMES OWNED AND 1 FRAME HOUSE 2/1 ON 4.89 ACRES,RENTALS ARE AT A 10.7% CAP RATE
Gilmer is located in Texas. Gilmer, Texas has a population of 4,802. Gilmer is less family-centric than the surrounding county with 25.86% of the households containing married families with children. The county average for households married with children is 30.68%.
The median household income in Gilmer, Texas is $38,240. The median household income for the surrounding county is $55,046 compared to the national median of $69,021. The median age of people living in Gilmer is 32.5 years.
The average high temperature in July is 93.6 degrees, with an average low temperature in January of 32.5 degrees. The average rainfall is approximately 47.4 inches per year, with 0.8 inches of snow per year.
