Rare opportunity to acquire a one or three duplexes in the heart of Salado. This listing is for doors 711/709 Royal Street, but currently you can buy one or all 3 buildings. Doors 719/717 Royal Street, and 725/727 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: 621123 (727&725); 621135 (719&717)
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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Zillow last checked:
Listing updated:
Listed by:
Mandi Weller512-402-5111,
Magnolia Realty
Source: Central Texas MLS,MLS#: 621139Originating MLS: Williamson County Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Heating
Central, Multiple Heating Units
Cooling
Central Air, 1 Unit, 2 Units
Appliances
Included: Dishwasher, Electric Range, Microwave, Some Electric Appliances, Range
Laundry: Laundry in Utility Room, Laundry Room
Features
Ceiling Fan(s), Multiple Closets, Vanity
Flooring: Laminate, Tile, Wood
Attic: None
Number of fireplaces: 1
Fireplace features: Family Room, Living Room, Masonry, Wood Burning
Interior area
Total interior livable area: 2,176 sqft
Property
Accessibility
Accessibility features: None
Features
Levels: One
Stories: 1
Exterior features: Rain Gutters
Pool features: None
Fencing: None,Partial
Has view: Yes
View description: None
Body of water: None
Lot
Size: 10,240 Square Feet
Details
Additional structures: Pergola
Parcel number: 208282
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex, Multi Family, Multi Family
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: Central Texas MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.