Property Description

Calling all Developers and Investors, come take a look at this amazing 9.2 acre tract plus a 1 acre house rented by rooms which generates passive income! This one of a kind investment opportunity sitting on a great corner parcel with over 1400ft of road frontage on Old Chandler HWY and FM 2661. Located right next to HWY 31 with over 20,000 cars passing daily and many new investments and developments being made on this fast growing area, this prime property offers many possibilities, for example 18 houses with half acre tracts can be build on the property if subdivided. Commercial projects and many more opportunities can also be made on this amazing property. The house has been divided into 8 rooms and 1 apartment. With the possibility of having another apartment in the same home. You can easily make $6,000 a month, which is $72,000 a year with an amazing 7.2% cap rate! You could rent it all, or you could just rent an area and make the rest of the home your homestead. This is a rare opportunity to own a piece of history that produces rental income and it’s outside the city limits but just 7 miles from Walmart, Aldi, Sam’s Club, Banks, Lindsay Park, restaurants and more! The property next door is a 13 acre tract currently for sale at 1.6 million so this an amazing opportunity price for value! Don't miss this one, call and schedule your showing today! Seller is willing to sell either just the acres or the house separetely