Burton, TX 77835,515 N Colorado ST
Burton, TX 77835,515 N Colorado ST
Burton, TX 77835,515 N Colorado ST
Burton, TX 77835,515 N Colorado ST
Burton, TX 77835,515 N Colorado ST
Burton, TX 77835,515 N Colorado ST
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Rachel Perez

Rachel Perez

+1(512) 761-1460
$ 780,000
Est. payment | /mo

5,742 SqFt

Save
$ 780,000
Est. payment | /mo
Save

5,742 SqFt

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,742 sqft

Price per Sqft $135

Subdivision City Of Burton

MLS Listing ID 3763784

Year Built 1914

Annual Tax Amount $7,225

Tax Year 2025

Lot Size 1.310 Acres

Acres 1.31

Property Sub-Type Apartment

Source actris

Property Description

Excellent opportunity for residential income producing property in small town Texas! Rare chance to own 1.3 acres in the middle of town. Located in the historic town of Burton, TX, halfway between Houston and Austin in the rolling hills of Washington County. Property is historic itself in that the building was built in 1914 as Burton's public school and afterwards became a home for senior citizens. Building has been lovingly maintained over the years and transitioned to the town's only apartment property. Currently set up with One bedroom and Two-bedroom units- 6 units in the building, as well 2 cottages on the property. Property has on site washer/dryer facilities for tenant's use. Units have excellent occupancy rates, 2% vacancy over last two years and a 7.13% cap rate.

Location

State TX

County Washington

Interior

Heating Ductless

Cooling Ceiling Fan(s), Ductless

Flooring Carpet, Laminate, Linoleum

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected

View City

Total Parking Spaces 20

Building

Story 1

Foundation Block, Slab

Sewer Public Sewer

Water Public

Structure Type Masonry – Partial,Cement Siding

New Construction No

Others

Special Listing Condition Standard

Listed by Market Realty, Inc.
Rachel Perez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(512) 761-1460

[email protected]

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515 N Colorado ST