615 E Washington St

Giddings, TX 78942

About this property

Investor opportunity in the heart of Giddings TX featuring a well-located 3-unit property with strong income potential and value-add upside. Two of the three units have been significantly renovated, offering updated interiors that are attractive to tenants and help support current market rents. The third unit (Unit B) is occupied by a long-term tenant of over 20 years and is in fair condition, presenting a clear opportunity for future renovation and rent growth once vacated. This setup provides a desirable mix of immediate cash flow with built-in upside for investors seeking to increase returns over time. County records indicates the property was built in 1936, and it reflects a combination of classic construction with selective modern updates. Great for investors looking for a stabilized asset with additional value-add potential. Conveniently located in the center of town, with access to local amenities, employment, and commuter routes.   Buyer to verify all information including condition, rents, and square footage. NOTES: Unit C (upstairs) is vacant. Units A and B are tenant occupied. Please do not contact the tenants.

About this property

Investor opportunity in the heart of Giddings TX featuring a well-located 3-unit property with strong income potential and value-add upside. Two of the three units have been significantly renovated, offering updated interiors that are attractive to tenants and help support current market rents. The third unit (Unit B) is occupied by a long-term tenant of over 20 years and is in fair condition, presenting a clear opportunity for future renovation and rent growth once vacated. This setup provides a desirable mix of immediate cash flow with built-in upside for investors seeking to increase returns over time. County records indicates the property was built in 1936, and it reflects a combination of classic construction with selective modern updates. Great for investors looking for a stabilized asset with additional value-add potential. Conveniently located in the center of town, with access to local amenities, employment, and commuter routes.   Buyer to verify all information including condition, rents, and square footage. NOTES: Unit C (upstairs) is vacant. Units A and B are tenant occupied. Please do not contact the tenants.

Features and Additional Information

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$265,000 Active
4 Bed(s)
3
Baths
3,008 sqft

Presented By Coldwell Banker Commercial Gateway

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Get in touch today! Phone: 1-956-937-2930
Brokerage
Beycome Brokerage Realty LLC
1-804-656-5007
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Area Information

LC | Lee County | Ot Giddings

$ 265,000
This listing is play_arrow 31.8% higher than the average in the area
$ 201,000 in the area
3,008 SqFt
This listing is play_arrow 140.8% larger than the average in the area
1,249 SqFt in the area
$ 88 $/SqFt
This listing is play_arrow 46.8% less than the average in the area
$ 166 $/SqFt in the area
121 days on site
This listing is play_arrow 24.1% above the average in the area
98 days on site in the area

Schools in the Area

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    Elementary School
    Giddings
  • turned_in
    Middle School
    Giddings
  • turned_in
    High School
    Giddings

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Listed By Steve Koleno
Brokerage: Beycome Brokerage Realty LLC

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