718 College AveTroy, TX 76579

For Sale
$120,000

Tenant-occupied duplex; great investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This mixed-use property in Troy, Texas, presents a compelling investment opportunity. Priced at $120,000, this 0.42-acre lot features a duplex with two tenant-occupied units, generating immediate cash flow through month-to-month leases. Unit A boasts 3 bedrooms and 2 bathrooms, while Unit B offers 2 bedrooms and 1 bathroom. Both units are equipped with modern conveniences including dishwashers, vent hood stoves, ample counter space, and ceiling fans. Bathrooms include shower/tub combos and generous storage. A detached 2-car garage provides additional parking and storage, a highly desirable amenity for renters. The property also includes a covered patio and a chain-link fence for added security and privacy. A unique buyer protection plan offers a 12-month buyback guarantee, providing peace of mind for the purchaser. Additional incentives for qualified buyers may include a 1% interest rate buy-down, assistance with selling their existing home, a free one-year home warranty, and the use of a moving truck. This property offers a blend of immediate return and long-term potential, making it an attractive investment in the thriving Troy market. The address is 718 S College Avenue, Troy, TX 76579.

Highlights

  • $120,000 asking price for a mixed-use property.
  • 1% interest rate buy-down available for qualified buyers.
  • Seller will buy buyer's existing home.
  • One-year home warranty included.
  • Free moving truck use for qualified buyers.
  • Tenant-occupied duplex with immediate cash flow; month-to-month leases.

Property Details for 718 College Ave

Property type
Other mixed-use properties, Mixed-use properties
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Troy
County
48027
State
Texas
Latitude
31.2164375
Longitude
-97.286868
718 College Ave, Troy, Texas

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718 College Ave
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