2002 Washington Street

Commerce, TX 75428

$725,000
Price
16
Beds
8
Baths
6,720 Sq. Ft.
$108 / Sq. Ft.
6,720
Sq. Ft.
$108
per Sq. Ft.

Description

Exciting investment opportunity in a bustling college town! This 8-plex apartment complex, conveniently located near Texas A&M Commerce, features eight 2-bedroom, 1-bath units. Half of the units have been beautifully remodeled, boasting luxurious granite countertops and durable LVP flooring, adding a touch of elegance and ease of maintenance. Each apartment caters to a steady demand from university students and faculty, ensuring consistent rental income. Ideal for savvy investors seeking a property...Exciting investment opportunity in a bustling college town! This 8-plex apartment complex, conveniently located near Texas A&M Commerce, features eight 2-bedroom, 1-bath units. Half of the units have been beautifully remodeled, boasting luxurious granite countertops and durable LVP flooring, adding a touch of elegance and ease of maintenance. Each apartment caters to a steady demand from university students and faculty, ensuring consistent rental income. Ideal for savvy investors seeking a property with attractive upgrades and stable tenant appeal. Don't miss out on this prime real estate opportunity!
  1. Listed by Ashley Hammons • TREC #0615230 • AT Home Texas Real Estate • 903-454-2824

Property Details for 2002 Washington Street

Subdivision Name
Orig Town Of Commerce
Pool
No
Garage Spaces
0
Number Of Parking Spaces
10
LISTING UPDATED: 06/18/2024 08:52 AM

Property Details for 2002 Washington Street

StatusActive
MLS #20589290
Days on Market218
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1976
Lot Size0.41 AC / 18,033 SF
CountyHunt County

Building Information for 2002 Washington Street

Stories1Residences8Year Built1976Building Size-Lot Size0.41 AC / 18,033 SF

Property Information for 2002 Washington Street

Summary
Location and General Information
  • Block: 64
  • Complex Name: Wasington St Apartments
  • Directions: From Culver St, turn onto Washington and property will be on the right
  • Elementary School: Commerce
  • Elementary School Name: Commerce
  • High School: Commerce
  • High School Name: Commerce
  • Middle School: Commerce
  • Year Built Details: Preowned
  • School District: Commerce ISD
  • Geocode Confidence: High
  • Latitude: 33.24
  • Longitude: -95.90
  • State: Texas
Parking
  • Garage Length: 0
  • Garage Width: 0
  • Parking Features: Common, On Site, Parking Lot
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage Height: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: S4380 ORIG TOWN OF COMMERCE BLK 64 LOT 18 & 2
  • Association Type: None
  • Tax Lot: 18
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Luxury Vinyl Plank
  • Heating: Central, Electric
  • Interior Features: Cable TV Available, Granite Counters, Open Floorplan
  • Appliances: Electric Range, Refrigerator
  • Basement: No
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Shake
  • Number Of Units Total: 8
  • Levels: One
Property
Utilities
  • Utilities: All Weather Road, City Sewer, City Water, Electricity Connected, Overhead Utilities
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.414
  • Lot Size Area: 0.414
  • Lot Size Units: Acres
  • Lot Size Square Feet: 18033.84
  • Multi Parcel ID: No
  • Parcel Number: 70126
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: .00%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $69,500
  • Insurance Expense: $0
  • Tenancy: Over 9 Months
  • Net Operation Income: $.00
Unit 1
  • Approximate SQFT: 840.0
  • Average Lease Amount: $12.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: Apartments
  • Unit Type Units Total: 8

Property History for 2002 Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2002 Washington Street

Taxable ValueLand$47,610Additions$452,390Total$500,000
Tax Record2023$12,424 ($1,035 / month)
Home Facts
Total Finished SqFt6,720 SqFtAbove Grade Finished SqFt6,720 SqFtStories1Lot Size18,034 SqFtStyleMulti-Family Res (5+ Units)CountyHUNTAPN4380-0640-0180-31

Schools near 2002 Washington Street

This home is within Commerce Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Commerce Elementary School
PublicPK to 2

Albert C Williams Elementary School
Public3 to 5

Commerce Middle School
Public6 to 8

Commerce High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2002 Washington Street is a multi-family home for sale in Commerce, TX 75428. This property was listed for sale on April 16, 2024 by AT Home Texas Real Estate, it's currently listed at $725,000. This listing's school district is Commerce Independent School District. Nearby schools include Commerce Elementary School, Albert C Williams Elementary School and Commerce Middle School. 2002 Washington Street is a 16-bed, 8-bath, 6,720 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AT Home Texas Real Estate, Ashley Hammons

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