518 E Cypress ST new Save Request In-Person Tour Request Virtual Tour
Lott,TX 76656
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,044 sqft
Price per Sqft $74
Subdivision Townsite Of Lott
MLS Listing ID 21847992
Bedrooms 2
Full Baths 1
Year Built 1984
Annual Tax Amount $7,568
Tax Year 2024
Property Sub-Type Multi Family
Property Description
Located approximately 30 minutes from both Waco and Temple, this 12-unit multifamily property at 518 Cypress Rd in Lott, TX offers a solid opportunity for buyers seeking a value-add investment in Central Texas. The property consists of three residential buildings, each featuring four 2 bedroom 1 bathroom units of approximately 875 sq. ft. each, as well as a separate building that includes an on-site laundry facility and office space. Several units are currently occupied, while others may require updates or repairs, presenting an opportunity for repositioning over time. The location provides convenient access to major highways and nearby employment centers, which helps support ongoing rental demand. Prospective buyers are encouraged to independently verify all financials, occupancy, and condition of the property.
Location
State TX
County Falls
Area 83
Interior
Heating Central,Electric
Cooling Central Air,Electric
Exterior
Roof Type Shingle,Wood
Building
Lot Description Cleared
New Construction No
Schools
Elementary Schools Lott Elementary School
Middle Schools Rosebud-Lott Middle School
High Schools Rosebud-Lott High School
School District 283 - Rosebud-Lott