2507 E Adams AVE, Temple, TX 76501
2507 E Adams AVE, Temple, TX 76501
2507 E Adams AVE, Temple, TX 76501
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Colbey Pfund

Colbey Pfund

+1(310) 433-6017
$275,000
Est. payment /mo
8 Beds
5 Baths
2,633 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,633 sqft

Price per Sqft $104

MLS Listing ID 613629

Style Traditional

Bedrooms 8

Full Baths 5

Construction Status Resale

HOA Y/N No

Year Built 1923

Lot Size 1.014 Acres

Acres 1.014

Property Sub-Type Single Family Residence

Property Description

Investor opportunity! Rare chance to own 3 dwellings on 1 acre — nearly impossible to find at this price point. Each home has its own septic system, and all roofs are approximately 3–4 years old.

Property Features – 3 Dwellings
• Dwelling 1: 816 sqft, 3 bed / 1 bath
• Dwelling 2: 704 sqft, 2 bed / 1 bath
• Dwelling 3: 1,113 sqft, 3 bed / 2 bath

All three units are currently rented with leases in place, making this a true turnkey cash-flowing asset for investors looking to park cash and generate immediate income.

Current rents:
• Dwelling 1: $950/mo
• Dwelling 2: $900/mo
• Dwelling 3: $1,100/mo

Total monthly income: $2,950/mo | Annual gross income: $35,400/year

At approximately $275,000 with a minimum 20% down conventional investment loan at 7% interest on a 30-year fixed rate, estimated principal and interest payment is approximately $1,465/mo before taxes and insurance.

This property offers an impressive approximately 12.9% gross cap rate with rents producing roughly double the estimated principal and interest payment, creating exceptional cash flow potential from day one.

Properties with 3 dwellings on 1 acre at this price are extremely hard to come by. Great opportunity for investors looking to expand their portfolio with an income-producing property.

Location

State TX

County Bell

Interior

Interior Features All Bedrooms Down, Other, See Remarks

Heating Multiple Heating Units

Cooling 3+ Units

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Other, See Remarks

Laundry Laundry in Utility Room, Laundry Room

Exterior

Exterior Feature None

Carport Spaces 2

Fence None

Pool None

Community Features None

Utilities Available High Speed Internet Available

View Y/N No

Water Access Desc Public

View None

Roof Type Composition,Shingle

Building

Story 1

Entry Level One

Foundation Pillar/Post/Pier

Sewer Aerobic Septic

Water Public

Architectural Style Traditional

Level or Stories One

Construction Status Resale

Schools

School District Temple Isd

Others

Tax ID 14821

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Central Texas MLS (CTXMLS)
Listed by Jeremy Ellis • Anchor Realty

NEARBY SCHOOL & BUSINESS

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Colbey Pfund

Colbey Pfund

+1(310) 433-6017

Realtor | License ID: 741291

Realtor License ID: 741291

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