About This Home
This 7-bedroom, 4-bathroom multi-family at 1309 Park Street in Commerce, TX is listed for $125,000 ($42 per sqft). Built in 1940, the home offers 3,000 sqft of living space on a 0.43 acres lot.
Key Features
- Built in 1940
- 0.43 acre lot
- 8 parking spaces
Property Details
Investor special in the heart of rapidly growing Commerce, TX. This approximately 3,000 sq ft 4-plex features one 3 bed, 1 bath unit and three 1 bed, 1 bath units. The property has been completely gutted to the studs and will require a full renovation, making it unsuitable for conventional financing.
Located near East Texas A&M University and within an area experiencing major redevelopment and revitalization, this property offers exceptional upside potential. Whether you choose to renovate the existing structure or start fresh with new development, the opportunity is there. Perfect for investors, builders, or developers looking to capitalize on the growth and transformation happening throughout Commerce.
Monthly Cost Estimate
$669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1309 Park Street
Commerce, TX 75428
Orig Town Of Commerce
Property Details
Construction
Outdoor Features
Parking
Questions & Answers
This 7-bedroom, 4-bathroom multi-family at 1309 Park Street is listed at $125,000 ($42/sqft). The estimated monthly payment is $668 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.43 acre lot, 8 parking spaces.
This property is listed by Ted Laramore and can be reached at (888) 519-7431.