Description / Remarks
Elevate your investment goals with this Historic Downtown Lufkin property. Constructed in 1901 as The Knights of Pythias Lodge this two story stucco finished brick structure provides a consistent revenue stream and serves as a mixed use commercial/residential space for downtown enthusiasts. The retrofitted second floor is home to two 800 sq.ft. one bedroom apartments with private rear parking and access. Remodeled to accent original features like exposed rafters and brick the residential units are also outfitted with central air and heating, modern appliances, and matching finishes. Both units are currently leased; landlord paid water, sewer, trash. Under lease with the same tenant since 1978 the downstairs commercial unit is currently leased; landlord paid water, sewer, trash. Ample street parking available for both staff and patrons. Potential gross annual income $39,480.
© Lufkin BOR MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of LBMLS. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. Information provided is deemed reliable but not guaranteed. Listing courtesy of Olivia Kiritsy.