Commerce, TX 75428 703 Maple Street
$999,995
Pending



34 more



































Presented By: Debbie Wold with Exit Realty Pro; 903-567-7777
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
Looking for an investment in a growing college town that doesn't have enough housing for all the students? Here is your opportunity for a set of 4 mini dorms on one parcel that is easy to manage and market in Commerce just 1.5 miles from East Texas A&M. Each building has approximately 1400 square foot with a common living and kitchen space and 4 seperate ensuites with nice roomy bedrooms and bathrooms with walk in showers and walk in closets. The buildings were arranged on a large lot so there is ample parking space in front of each unit for tenants on a large concrete entrance and parking pad. Each unit has electric range, microhood, dishwasher, refridgerator, stackable washer and dryer and gas tankless water heaters. 2 of the buildings were built in 2019 and the other 2 were completed in 2020. They feature polished concrete floors, granite countertops in kitchen and bathrooms. Each ensuite has a locking knob for tenant privacy. Tenants pay for high speed internet and there are options available for each unit.
Presented By: Debbie Wold with Exit Realty Pro; 903-567-7777
Interior Features for 703 Maple Street
Bedrooms
Total Bedrooms16
Bathrooms
Half Baths0
Total Baths16
Other Interior Features
Basement Y/NNo
Fireplaces Total0
FlooringConcrete
Interior FeaturesCable TV Available, Cathedral Ceiling(s), Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
Lock Box TypeNone
Occupancy Rate90
Total Units4
Unit Count1
Window FeaturesWindow Coverings
General for 703 Maple Street
# of Buildings4
Accessibility FeaturesAccessible Bath - Half+Hall, Accessible Bedroom, Accessible Doors
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater, Refrigerator, Vented Exhaust Fan
Capitalization Rate7.66
CityCommerce
Complex NameMini Dorms of Commerce
Construction MaterialsFiber Cement
CoolingCeiling Fan(s), Central Air, Electric
CountyHunt
DirectionsFrom northbound Hwy 24 turn right on 178, left on Pecan, right on Maple. Units are on the right there is no sign on property.
Elementary SchoolCommerce
Elementary School NameCommerce
Full Baths16
Green Energy Efficient12 inch+ Attic Insulation, Construction, HVAC
Gross Annual Expenses57840.00
HOA TypeNone
HeatingCentral, Electric
High SchoolCommerce
Insurance Expense11040
LevelsOne
Listing Terms1031 Exchange, Cash, Conventional
Number of Garage Spaces0
Occupant TypeTenant
Operating Expense IncludesGardener, Insurance, Maintenance, Maintenance Grounds, Pest Control, Professional Management, Trash, Utilities, Vacancy Allowance, Water/Sewer
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictCommerce ISD
Security FeaturesOther
Special NotesAerial Photo
Standard StatusPending
StatusPending
Subdivision NameOrig Town Of Commerce
Unexempt Taxes21468
UtilitiesAsphalt, Cable Available, City Sewer, City Water, Electricity Connected, Individual Gas Meter, Master Water Meter, Natural Gas Available, Underground Utilities
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2019
Year Built DetailsPreowned
Exterior for 703 Maple Street
Attached Garage Y/NNo
Building Area Total5624.00
Covered Spaces
Exterior FeaturesCovered Patio/Porch
FencingNone
Foundation Slab
Garage Y/NNo
Lot FeaturesLevel
Lot Size.5 to < 1 Acre
Lot Size Acres0.7520
Lot Size Area0.7520
Lot Size Square Feet32757.1200
Lot Size UnitsAcres
Number Of Parking Spaces20
Parking FeaturesConcrete, Driveway, Kitchen Level, On Site, Open, Outside, Parking Pad, Private
Patio And Porch FeaturesCovered
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Commerce Elementary School
Middle School
N/A

Suzanne Smith
Broker/Owner