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304 S US Highway 287, Elkhart, TX 75839
$255,000
304 S US Highway 287, Elkhart, TX 75839View this property at 304 S US Highway 287, Elkhart, TX 75839
304 S US Highway 287ElkhartTX75839
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Property Description
This investment opportunity features a 1.698-acre revenue-generating property on US Hwy 287 (19) in Elkhart, TX. The 1,388 sq ft house, currently vacant, previously rented for $750 per month, with a new roof. Adjacent is a fully occupied 1,000 sq ft storage building with 10 units at $45 per unit per month. Potential for increased revenue through rate adjustments and space for five more buildings or RV park facilities. Prime location along US Hwy 287 enhances visibility and accessibility. Investors can capitalize on existing income, adjust rates, and strategically develop the available space for growth in Elkhart, TX.
Full Property Details
Full Property Details for 304 S US Hwy 287
General
- Price: $255,000
- Status: Active
- Type: Store
- MLS ID: 20348823
- Updated: 1/4/2024
- Added to Site: 332 day(s) ago
Business
- Business Type: Other, Storage
Interior
- Flooring: Other
Parking
- Parking Features: Off Street
Location
- County: Anderson
- Subdivision: na
- Driving Directions: From Palestine, south on 287 or 19 toward Elkhart for about 10 miles. Property will be on right at the intersection of 287 & CR1817.
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Zoned
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Frame, Wood Siding
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 2,388
- Sq. Ft. Source: Appraiser
- Year Built: 1950
Lot Features
- Lot Size (Acres): 1.698
- Lot Size (Sq. Ft.): 73,964.88
- Lot Size Source: Appraiser
- Topography: Level
- Lot Features: Irregular Lot, Level
- Zoning: See remarks
Financial Considerations
- Tenant Pays: None
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Standard
- Legal Description: A0031 HERTZ, JOSEPH BLOCK 951-1TRACT 3
- Inclusions: Land & Improvements
- Property ID: R13667
- Block: 951-1
Listed by Staples Commercial Group, LLC, Dana Staples
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Schools
Schools serving 304 S US Hwy 287
School District:Elkhart Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
Elkhart Elementary School
301 E Parker St, Elkhart, TX 75839 | PK-2 | 0.4 mi | |
301 E Parker St, Elkhart, TX 75839 | PK-2 | 0.4 mi | |
301 E Parker St, Elkhart, TX 75839 | PK-2 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 304 S US Hwy 287
Date
Details
Price
Change
Source
8/01/2023
Price Reduced
$255,000
-7.27%
MLS
6/06/2023
Listed
$275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 304 S US Hwy 287
Year
Property Taxes
Change
Tax Assessment
Change
2022
$1,142
—
$88,353
57%
2022
$1,142
-51%
$56,146
3%
2021
$2,348
—
$54,639
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 304 S US Hwy 287
304 S US Highway 287, Elkhart, TX 75839 (MLS# 20348823) is a Store property. 304 S US Highway 287 is currently listed for $255,000 and was received on June 06, 2023. Want to learn more about 304 S US Highway 287? Do you have questions about finding other Store real estate for sale in Elkhart? You can browse all Elkhart real estate or contact a Coldwell Banker agent to request more information.