500 Austin Rd. , Eagle Lake, TX 78704(Colorado County)

2.65 Acres in Eagle Lake, TX - $100,000

This four unit apartment building is a great investment opportunity in an excellent location! It sits just within walking distance to the hospital and grocery store just off Hwy 90A in Eagle Lake. The apartment building sits on 2.649 acres and could be utilized for more units, as the property is zoned for multi-family development. Each unit is approximately 552 square feet and

consists of a living room, dining room, galley style kitchen with appliance, single bedroom and full sized bathroom. The units have recently been updated with tile floors and current appliances. The building is in need of a new roof, but is dry and secure at this time. All units are currently under lease and when a vacancy occurs, it is quickly filled.