Calling all Investors searching for the opportunity of a lifetime in the Historic District of Salado, TX on 1.38 acres! THE LOCATION, across the street from Alexander’s, steps to Barrows Brewery, The Shed, the River, spas, boutiques, and countless restaurants and bars. This triplex property represents an excellent chance to add to the portfolio or for those looking to add passive income. Unit A, currently generating $900/mo is a cozy studio with a full kitchen. Unit B projected to lease at $2000/mo is a stunning large apartment with 2 bedrooms, 2.5 bathrooms + with a huge stand-alone shed; this apartment features a massive gorgeous living room with stunning high-pitched ceiling and incredible natural light, with grand views or the 1.38-acre yard, and private porches, and patios. Unit C, projected to lease at $1975 is a stunning 3 bedroom, 3 bathroom + private car garage apartment. This property is projected to generate $4,875 in total monthly revenue! Not to mention its potential to become an Airbnb which can generate so much more. Whether it's leasing out all three units or occupying one while renting out the others, this triplex offers flexibility to suit various investment strategies. This property also offers the flexibility to be converted into a single-family residence with a lot of potential on 1.38 acres, 6 bedrooms each with full bathrooms, an additional half bathroom, and massive living areas, perfect for a family looking to live an active life in downtown historic Salado. What a great town and location to call home! The property's proximity to major highways provides convenient commuting options to nearby cities, schools, and employers. Invest in the thriving real estate market of Salado, TX, and capitalize on the growing demand for rental properties in this desirable area. Don't miss out on this great investment opportunity and be a part of this great community!
Ready to kickstart your investment portfolio? Prime location in the coveted Salado Community. This established neighborhood offers convenience only 5 miles from I-35, 40 mins from downtown Austin, 15 mins to Temple and 5 mins to downtown Salado. Each unit boast 3 bed 2 bath, providing ample space and comfort. Fully fenced private backyard offers privacy and a safe haven for each unit. Both units are tenant occupied making for a fantastic investment opportunity.
Ready to kickstart your investment portfolio? Prime location in the coveted Salado Community. This established neighborhood offers convenience only 5 miles from I-35, 40 mins from downtown Austin, 15 mins to Temple and 5 mins to downtown Salado. Each unit boast 3 bed 2 bath, providing ample space and comfort. Fully fenced private backyard offers privacy and a safe haven for each unit. Both units are tenant occupied making for a fantastic investment opportunity.
Salado is located in Texas. Salado, Texas has a population of 2,469. Salado is less family-centric than the surrounding county with 23.98% of the households containing married families with children. The county average for households married with children is 36.15%.
The median household income in Salado, Texas is $77,727. The median household income for the surrounding county is $52,583 compared to the national median of $57,652. The median age of people living in Salado is 50.6 years.
The average high temperature in July is 95.4 degrees, with an average low temperature in January of 35.9 degrees. The average rainfall is approximately 34.8 inches per year, with 0.3 inches of snow per year.