725 Royal Street Unit 725 & 727, Salado, TX 76571
- $375,000
- 2,176
- SqFt
- List Price
- $375,000
- Status
- ACTIVE
- MLS#
- 621123
- Days on Market
- 2
- Living Area
- 2,176
Property Description
Rare opportunity to acquire a one or three duplexes in the heart of Salado. This listing is for doors 727/725 Royal Street, but currently you can buy one or all 3 buildings. Doors 719/717 Royal Street, and 711/709 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: 621135 (719&717); 621139 (711&709) 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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Additional Information
- Year Built
- 1983
- Exterior Features
- Rain Gutters
- Interior Features
- Ceiling Fan(s), Multiple Closets, Vanity
- Roof
- Composition, Shingle
- Appliances
- Dishwasher, Electric Range, Microwave, Some Electric Appliances, Range
- View
- None
- School District
- Salado ISD
- Elementary School
- Thomas Arnold Elementary
- High School
- Salado High School
- Middle School
- Salado Junior High
- Sewer
- Septic Tank
- Stories
- 1
- Street Name
- Royal Street
- Street Number
- 725
- Neighborhood
- Howerton Add
- Unit
- 725 & 727
- Acres
- 0.25
- County
- Bell
- Foundation
- Slab
- Heating
- Central, Multiple Heating Units
Mortgage Calculator
Listing courtesy of Mandi Weller from Magnolia Realty
Information obtained from TXSMABOR is current as of . Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.