Fully leased mixed-use investment opportunity in Historic Downtown Elgin 2,314 SF total improvements featuring: ?1,008 SF retail storefront ?1,306 SF residential apartment (2 bed / 1 bath) Stabilized dual-income asset with one commercial tenant and one residential tenant in place Current in-place income producing Below-market leases provide future upside potential… Read More through rental increases and lease repositioning Extensive renovation completed in 2016 including: ?Electrical wiring ?Plumbing systems ?Interior improvements New roof installed October 2021 Located along the highly visible North Main Street corridor in Downtown Elgin Positioned within the rapidly expanding Central Texas growth corridor east of Austin Ideal opportunity for: ?1031 exchange buyers ?Long-term appreciation investors ?Mixed-use portfolio investors ?Owner-users seeking supplemental income Walkable downtown location surrounded by restaurants, retail, and local businesses Low-maintenance, turnkey asset with strong historic downtown character and modernized infrastructure. Minutes to airport, Tesla, State Capital, Samsung (SAS) and Starlink / Boring / X Campus. Read Less
Property listed by All City Real Estate Ltd. Co 866-277-6005 (210) 480-6115
Listing Snapshot
Days Online
14
Last Updated
Property Type
Retail
Square Ft.
2,314
Lot Size
0.07 Acres
Year Built
1935
MLS Number
6559978
Additional Details
Building
Built in 1935, 2314 total building sqft, No Loading, Signs, Brick, Glass
Disclosures
Seller Disclosure
Accessibility Features
Accessibility Features
Expenses
Operating Expense: $14,452
Floors
Tile, Wood
Foundation
Slab
Heating
Central
Income
Gross Scheduled Income: 37773, Net Operating Income: 23321
Lot
0.0699 acres, Area: 0.0699
Parking
Paved, Parking Lot
Property
Single building, Resale, City
Sewer
Public Sewer
Taxes
Annual Amount: $8,243, Year: 2025
Utilities
Electricity Connected, Sewer Connected, Water Connected
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