Description
Elevate your investment goals with this Historic Downtown Lufkin property. Constructed in 1901 as The Knights of Pythias Lodge this two story stucco finished brick structure provides a consistent revenue stream and serves as a mixed use commercial/residential space for downtown enthusiasts. The retrofitted second floor is home to two 800 sq.ft. one bedroom apartments with private rear parking and access. Remodeled to accent original features like exposed rafters and brick the residential units are also outfitted with central air and heating, modern appliances, and matching finishes. Both units are currently leased; landlord paid water, sewer, trash. Under lease with the same tenant since 1978 the downstairs commercial unit is currently leased; landlord paid water, sewer, trash. There is ample street parking for both staff and patrons. Potential gross annual income $39,480.
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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4,000SQFT
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$99$/SQFT
School Information
Description
Elevate your investment goals with this Historic Downtown Lufkin property. Constructed in 1901 as The Knights of Pythias Lodge this two story stucco finished brick structure provides a consistent revenue stream and serves as a mixed use commercial/residential space for downtown enthusiasts. The retrofitted second floor is home to two 800 sq.ft. one bedroom apartments with private rear parking and access. Remodeled to accent original features like exposed rafters and brick the residential units are also outfitted with central air and heating, modern appliances, and matching finishes. Both units are currently leased; landlord paid water, sewer, trash. Under lease with the same tenant since 1978 the downstairs commercial unit is currently leased; landlord paid water, sewer, trash. There is ample street parking for both staff and patrons. Potential gross annual income $39,480.
© 2023 Nacogdoches County Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Loblolly Properties, LLC. Data last updated: 2023-11-29T16:45:22.603.