Income producing property in the center of Burton, Texas, conveniently located halfway between Houston and Austin. The historic Burton Manor is a 6 unit apartment complex (four 1BD/1BA units and two 2BD/1BA units) that sits on a beautiful lot (almost an entire city block) with mature live oaks and three sides of road frontage. Current rents are 4 units @ $450 and 2 units @ $425. Additional income from common utility area with washer and dryer for tenant use. Each unit has its own window AC unit, wall mounted heater with thermostat, and seperate entrance. 100% occupancy as of 8-1-2008. According to Washington County Appraisal district, land is 1.22 acres and building is 5,663 sq ft. Excellent residential or commercial development potential with the large lot size. Consider selling residential sized lots for additional profit or moving on old homes to create your own historic village. Manor could easily be converted to owner residence on one side and tenant spaces on the other side.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
