727 Royal Street Unit 709,711,717,719,725 & 727, Salado, TX 76571
- $1,100,000
- 6,528
- SqFt
- List Price
- $1,100,000
- Status
- ACTIVE
- Days on Market
- 21
- MLS#
- 618739
- Subtype
- Residential
- Style
- Traditional
- Architectural Style
- Traditional
- Year Built
- 1983
- Living Area
- 6,528
- Acres
- 0.75
- Subdivision
- Howerton Add
- Neighborhood
- Howerton Add
Property Description
Rare opportunity to acquire a fully occupied package of three duplexes in the heart of Salado. Offering six total units located at 727/725 Royal Street, 719/717 Royal Street, and 711/709 Royal Street, this investment provides consistent rental history with an average estimated 8% cap rate. Each duplex consists of two approximately 1,088 SF units (approximately 2,176 SF per building), with every unit featuring 2 bedrooms, 2 full bathrooms, a spacious living area with fireplace, breakfast area, covered patio, and functional floor plan designed for long-term tenant appeal. Perfectly positioned on one of Salado's most sought-after streets, tenants enjoy walkability to charming downtown Salado, local restaurants, shopping, parks, and the community's unique small-town atmosphere. All three duplexes are currently tenant occupied and are being offered as a package sale only. The properties have demonstrated strong occupancy and provide an outstanding opportunity for investors seeking immediate cash flow in one of Central Texas' most desirable rental markets. Contact the listing agent for current rent roll, lease information, and additional financial details.
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Additional Information
- Interior Features
- Ceiling Fan(s), Multiple Closets, Vanity
- Exterior Features
- Rain Gutters
- Property Description
- Traditional
- Flooring
- Laminate, Tile, Wood
- Appliances
- Dishwasher, Electric Range, Microwave, Some Electric Appliances, Range
- Heating
- Central, Multiple Heating Units
- Air Conditioning
- Central Air, 1 Unit, 3+ Units
- Stories
- 1
- Levels
- One
- Roof
- Composition, Shingle
- Foundation
- Slab
- Pool Type
- None
- School District
- Salado ISD
- Elementary School
- Thomas Arnold Elementary
- Middle School
- Salado Junior High
- High School
- Salado High School
- View
- None
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Courtesy of Magnolia Realty