111 S 33rd Street, Temple, TX 76504
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: elizabeth thomas
Office: all city real estate ltd. co
MLS#:609158
Source:TX_FRAR
Price summary
- Price:$359,000
- Price per sq. ft.:$34.19
About this home
Fix it. Flip it. Reimagine it. This is the kind of diamond in the rough that seasoned investors dream about! Located just off Adams Avenue and minutes from Baylor Scott & White, this versatile commercial property is packed with potential and poised for transformation. Main Building: Approx. 10,707 sq. ft. – a solid shell ready for your vision Additional Structures: A 2-bedroom frame home, former laundry building, and garage/storage area The property is zoned commercial and was previously used as an independent living facility, but the possibilities are wide open: Multi-tenant office space Assisted living or residential rehab facility Boutique lodging or studio space Storage and service-oriented business All buildings are sold AS IS – yes, they need extensive rehab, but this is your blank canvas. MOTIVATED SELLER – Extremely negotiable on cash offers, outside financing AND open to OWNER FINANCING!
Rare Value Add Opportunity in Temple! This is an 11 unit multifamily with over 9000 square feet of rentable space (~10500 total building square footage). Projected Income of $13,500 a month (at 1.5 psf) or $162,000 annually. Projected expenses: $40,000 annually NOI: $122,000 Renovated Valuation of $1,876k at a 6.5% cap rate *Attractive Seller Financing Option Available (with 20% downpayment) - Preliminary Renovations Budget of $400-500k INVESTOR ALERT – PRIME COMMERCIAL OPPORTUNITY IN TEMPLE, TX!
Don’t wait. With Temple's ongoing growth and proximity to major employers, this is the kind of opportunity that won’t sit long. Call today to schedule a walkthrough and make your offer before someone else grabs this hidden gem!...
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Home facts
- Year built:1948
- Subdivision & Development:Temple Heights
- Listing ID #:609158
- Added:157 day(s) ago
- Updated:September 05, 2026 at 02:48 PM
Rooms and interior
- Flooring:Ceramic Tile
- Living area:10,500 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Electric
Structure and exterior
- Roof:Composition, Shingle
- Year built:1948
- Building area:10,500 sq. ft.
- Lot area:0.09 Acres
- Architectural Style:Townhouse
- Construction Materials:Masonry
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$359,000
- Price per sq. ft.:$34.19
Features and amenities
- Laundry features:Inside, Laundry Room
- Amenities:Multiple Closets
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