111 S 33rd StreetTemple, TX 76504

Description

Fix it. Flip it. Reimagine it. This is the kind of diamond in the rough that seasoned investors dream about! Located just off Adams Avenue and minutes from Baylor Scott & White, this versatile commercial property is packed with potential and poised for transformation. Main Building: Approx. 10,707 sq. ft. – a solid shell ready for your vision Additional Structures: A 2-bedroom frame home, former laundry building, and garage/storage area The property is zoned commercial and was previously used as an independent living facility, but the possibilities are wide open: Multi-tenant office space Assisted living or residential rehab facility Boutique lodging or studio space Storage and service-oriented business All buildings are sold AS IS – yes, they need extensive rehab, but this is your blank canvas. MOTIVATED SELLER – Extremely negotiable on cash offers, outside financing AND open to OWNER FINANCING! Rare Value Add Opportunity in Temple! This is an 11 unit multifamily with over 9000 square feet of rentable space (~10500 total building square footage). Projected Income of $13,500 a month (at 1.5 psf) or $162,000 annually. Projected expenses: $40,000 annually NOI: $122,000 Renovated Valuation of $1,876k at a 6.5% cap rate *Attractive Seller Financing Option Available (with 20% downpayment) - Preliminary Renovations Budget of $400-500k INVESTOR ALERT – PRIME COMMERCIAL OPPORTUNITY IN TEMPLE, TX! Don’t wait. With Temple's ongoing growth and proximity to major employers, this is the kind of opportunity that won’t sit long. Call today to schedule a walkthrough and make your offer before someone else grabs this hidden gem!

Property Information

Property type

Residential

Sub-type

Townhouse

Structure type

Townhouse

Year built

1948

Living area

10,500 Sq Ft

Lot size

0.09 acres

Days on market

197

MLS^® Listing#

609158

Property Features

Interior

See Remarks · Eat-in Kitchen

Appliances

Other

Cooling

Electric

Heating

Electric

Flooring

Ceramic Tile

Fireplace

Other · See Remarks

Pool

None

Laundry

Inside · Laundry Room

Fencing

Chain Link

Lot features

City Lot · Other · See Remarks

Foundation

Slab

Roof

Composition · Shingle

Utilities

Water Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$1,695Tax year 2025

Parcel number

118896

Directions

Head west on W Adams Ave. Continue straight for about 2 miles. Turn left onto S 31st St. Drive south for about half a mile. Turn right onto W Avenue J. Then turn left onto S 33rd St. Continue a short distance — 111 S 33rd St will be on your right.