11971 Us Highway 59 Highway, Livingston, TX 77351

$590, 000 Official Appraised After-Repair Value. Appraiser estimates that over $63, 000 in yearly net operating income will follow rehab and stabilization. Valuation can be increased even further through the installation of a billboard. Contact agent for a copy of recent appraisal. Over $20, 000 worth of interior demolition and junk removal has been completed. This is a wonderful opportunity for yield-seeking investors due to local 9% cap rates. The property boasts of a total of 7, 870 square feet. The left retail store has 2, 100 square feet. Building Two contains 3, 420 square feet of retail/flex space. The front top-level apartment contains 1, 200 square feet with a spacious balcony. The back apartment contains 1, 150 square feet. The .70 acre lot is fenced in and is zoned without restrictions. The prospect of long-term appreciation is aided by the adjacent lot containing a truck stop and a fast-food restaurant under development. A must see!