304 Highway 287

Elkhart, TX 75839

$255,000
Price
3
Beds
1
Bath
1,388 Sq. Ft.
$184 / Sq. Ft.
1,388
Sq. Ft.
$184
per Sq. Ft.

Description

Prime investment opportunity! A 1.698-acre property strategically located along the bustling US Hwy 287 (19) in Elkhart, TX, is up for grabs. The vacant 1,388 sq ft house, featuring a new roof less than two years old. Interior needs work. On the property is a fully occupied storage building spanning 1,000 sq ft, comprising 10 units, each sized at 10'x10' and currently renting for $45/month per unit. With all units spoken for, there is immediate room for increased rental rates, maximizing profitability....Prime investment opportunity! A 1.698-acre property strategically located along the bustling US Hwy 287 (19) in Elkhart, TX, is up for grabs. The vacant 1,388 sq ft house, featuring a new roof less than two years old. Interior needs work. On the property is a fully occupied storage building spanning 1,000 sq ft, comprising 10 units, each sized at 10'x10' and currently renting for $45/month per unit. With all units spoken for, there is immediate room for increased rental rates, maximizing profitability. The property's versatility shines through, offering expansion possibilities. Currently housing 10 storage units, there is ample space to erect an additional five buildings of the same size, effectively increasing storage capacity.
  1. Listed by Steve Demuth • TREC #0711569 • Staples Commercial Group, LLC
  2. Listed by Ray Verhey • TREC #0498681 • Staples Commercial Group, LLC

Property Details for 304 Highway 287

Waterfront
No
Subdivision Name
None

Location

Listing Courtesy of Staples Commercial Group, LLC, Steve Demuth, TREC #0711569; Staples Commercial Group, LLC, Ray Verhey, TREC #0498681
Add your commute
LISTING UPDATED: 12/11/2023 03:36 PM

Property Details for 304 Highway 287

StatusActive
MLS #23012278
Days on Market240
Taxes$1,222 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential
Year Built1972
Lot Size1.70 AC / 73,964 SF
CountyAnderson County

Location

Listing Courtesy of Staples Commercial Group, LLC, Steve Demuth, TREC #0711569; Staples Commercial Group, LLC, Ray Verhey, TREC #0498681
Add your commute

Building Information for 304 Highway 287

Stories1Year Built1972Building Size-Lot Size1.70 AC / 73,964 SF

Payment Calculator

$1,493 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,392

Property Taxes

$102

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 304 Highway 287

Summary
Location and General Information
  • County: Anderson
  • Waterview: No
  • Directions: From Palestine, south on 287/19 toward Elkhart for about 10 miles. Property will be on right at the intersection of Hwy 287 & CR 1817.
  • City: Elkhart
  • State: TX
  • Geo Subdivision: TX
  • Lake Community: No
Taxes and HOA
  • Taxes: 1222.17
  • Tax Year: 2022
Parking
  • Garage: 0.0
School Information
  • Elementary: Elkhart
  • Middle School: Elkhart
  • High School: Elkhart
Property
Property and Assessments
  • Appraisal District Number: R0013667
  • Class: RESIDENTIAL
  • Year of Construction: 1972
  • Foreclosure/Bank Owned Y/N: No
Lot Information
  • Approx SqFt: 1388
  • Total Number of Acres: 1.698
Interior and Exterior Features
Exterior Features
  • CONSTRUCTION: Wood Frame
  • EXTERIOR: Other/See Remarks
  • OUTBUILDINGS: Storage Building(s)
  • FENCING: Chain Link Fence
  • POOL/SPA: None
  • ROOF: Composition
  • FOUNDATION: Other/See Remarks
Interior Features
  • FIREPLACE: None
  • # Bedrooms: 3.0
  • BEDROOM DESCRIPTION: Other/See Remarks
  • COOLING: Window Unit(s)
  • HEATING: Central/Gas
  • LEVELS: 1 Story
  • # Full Baths: 1.0
  • # Half Baths: 0.0
  • BATH DESCRIPTION: Shower/Tub
  • DINING AREAS: Other/See Remarks
  • INTERIOR: Other/See Remarks
  • KITCHEN EQUIPMENT: None
  • ROOM DESCRIPTION: Other/See Remarks

Property History for 304 Highway 287

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 304 Highway 287

Taxable ValueLand$22,507Additions$65,846Total$88,353
Tax Record2022$1,142 ($95 / month)
Home Facts
Beds0Total Finished SqFt2,388 SqFtAbove Grade Finished SqFt2,388 SqFtLot Size73,965 SqFtStyleSingle Family ResidenceCountyANDERSONAPNR13667

Schools near 304 Highway 287

This home is within Elkhart Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Elkhart Elementary School
PublicPK to 2

Elkhart Middle School
Public6 to 8

Elkhart High School
Public9 to 12

Elkhart Intermediate School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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304 Highway 287 is a single family home for sale in Elkhart, TX 75839. This property was listed for sale on December 11, 2023 by Staples Commercial Group, LLC, it's currently listed at $255,000. This listing's school district is Elkhart Independent School District. Nearby schools include Elkhart Elementary School, Elkhart Middle School and Elkhart High School. 304 Highway 287 is a 3-bed, 1-bath, 1,388 sqft single family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Staples Commercial Group, LLC, Steve Demuth, TREC #0711569; Staples Commercial Group, LLC, Ray Verhey, TREC #0498681

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, Waco Association of REALTORS, and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Austin Board of REALTORS® (alternatively, from ACTRIS), Central Hill Country Board of Realtors, Central Texas MLS, Highland Lakes Association of Realtors, Bryan-College Station Association of REALTORS, and Waco Association of REALTORS. All rights reserved. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. All area measurements and calculations are approximate and should be independently verified. Data may be subject to transcription and transmission errors. Accordingly, the data is provided on an “as is” “as available” basis only and may not reflect all real estate activity in the market”. © [2024] REsides, Inc. All rights reserved. Certain information contained herein is derived from information, which is the licensed property of, and copyrighted by, REsides, Inc.