511-523 Commerce St

Magnolia, TX 77355
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Sold
Sold
$1,242,001 - $1,425,000
Sold on June 06, 2023
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Multi-Family - Fourplex

Description

Investing in the future! That's what you will be doing when you purchase this 4 building, 16 unit apartment complex in the heart of Magnolia, TX. Within walking distance to post office, townhall, shopping strips, restaurants, pharmacy, city parks and more. Magnolia and Montgomery county are growing rapidly, don't miss out on owning a part of this booming economy. Each Unit is 1100-1200 sf, 2 bedrooms, 1 bath, laundry room and open living area. Units have been updated as tenants move out and new move in. Make it what you want, apartments, office building or build something new. Sitting on 3/4 acre corner lot, a block from FM 1774 and 1488. Come and see this desirable location. Property is being sold 'As Is'

MLS#
28321695
Sold Price Range
$1,242,001 - $1,425,000
Listing Status
Sold
Address
511-523 Commerce St
City
State
TX
Zip Code
Subdivision
Dawson Gamble
Legal Description
A01770-Dawson Gamble,Tract 18PT,Acres.55 and Acres 0.185
Property Type
Multi-Family - Fourplex
Stories
2
Year Built
1983 / Appraisal District
Market Area

Exterior

Roof
Composition
Exterior Type
Brick

Interior

Floors
Carpet, Vinyl
Cooling
Central Electric
Heating
Central Electric

Lot information

Lot Size
0 Sqft. /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Additional information

List Type
Exclusive Right to Sell/Lease
Buyer Agent Compensation*
3.00%
Sub Agent Compensation*
0%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Financial

Other Fees
No
Maintenance Fee
No

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Mortgage

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Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Assigned schools

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Noise factors

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Source

Houston Association of REALTORS
Source last updated Apr 28, 2024 at 11:12 AM
Listing last updated Jun 06, 2023 at 01:07 PM

511-523 Commerce St, Magnolia, TX 77355. View photos, map, tax, nearby homes for sale, home values, school info...

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