725 Royal Street Unit 725 & 727, Salado, TX 76571
- $375,000
- 2,176
- SqFt
- List Price
- $375,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 621123
- Subtype
- Residential
- Style
- Traditional
- Architectural Style
- Traditional
- Year Built
- 1983
- Living Area
- 2,176
- Acres
- 0.25
- Subdivision
- Howerton Add
- Neighborhood
- Howerton Add
Property Description
Rare opportunity to acquire a one or three duplexes in the heart of Salado. This listing is for doors 727/725 Royal Street, but currently you can buy one or all 3 buildings. Doors 719/717 Royal Street, and 711/709 Royal Street are also available, this investment as a large package provides consistent rental history with an average estimated 8% cap rate. See other MLS listing - 618739 for full package or other individual ones: 621135 (719&717); 621139 (711&709) Each duplex consists of two approximately 1,088 SF units (approximately 2,176 SF per building), with every unit featuring 2 bedrooms, 2 full bathrooms, a spacious living area with fireplace, breakfast area, covered patio, and functional floor plan designed for long-term tenant appeal. Perfectly positioned on one of Salado's most sought-after streets, tenants enjoy walkability to charming downtown Salado, local restaurants, shopping, parks, and the community's unique small-town atmosphere. Many of the units are currently tenant occupied. The properties have demonstrated strong occupancy and provide an outstanding opportunity for investors seeking immediate cash flow in one of Central Texas' most desirable rental markets. Contact the listing agent for current rent roll, lease information, and additional financial details.
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Additional Information
- Interior Features
- Ceiling Fan(s), Multiple Closets, Vanity
- Exterior Features
- Rain Gutters
- Property Description
- Traditional
- Flooring
- Laminate, Tile, Wood
- Appliances
- Dishwasher, Electric Range, Microwave, Some Electric Appliances, Range
- Heating
- Central, Multiple Heating Units
- Air Conditioning
- Central Air, 1 Unit, 3+ Units
- Stories
- 1
- Levels
- One
- Roof
- Composition, Shingle
- Foundation
- Slab
- Pool Type
- None
- School District
- Salado ISD
- Elementary School
- Thomas Arnold Elementary
- Middle School
- Salado Junior High
- High School
- Salado High School
- View
- None
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Listing courtesy of Magnolia Realty. Contact: 512-402-5111