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$3,700,000
32 Beds 32 Baths 21373678 MLS Town Square Apartments BLDG.
Located in Center, TX, Town Square presents an opportunity to acquire a stabilized, mixed-use investment featuring 24 units consisting of one- and two-bed floorplans alongside 4 commercial office spaces in a modern development completed in 2011. Purpose built to serve both long-term residents and corporate housing demand, most units come fully furnished, and all are equipped with in-unit washers and dryers and internet, offering a true turnkey living experience. With an ideal location walking distance to downtown, Town Square benefits from Shelby County’s various economic drivers including energy, manufacturing and government employment. Additionally, the commercial component provides diversified income with existing tenancy and additional leasing upside. With newer construction, minimal anticipated capital expenditures, a diversified revenue stream, and one of the few professionally managed market-rate apartment communities in the area, Town Square offers investors a combination of stable in-place cash flow and long-term value creation opportunities. Investors can boost NOI by leasing out two vacant office spaces. Owners spent $75k finishing them out, complete with HVAC, electric, plumbing, kitchen, bathrooms, and individual offices. Asking lease rates will be $2,200 for the larger space and $1,700 for the smaller unit, bringing annual gross potential to $46,800. Other value add opportunities include capturing a rent premium through thoughtfully appointed, furnished residences while leveraging flexible lease terms to capitalize demand from corporate and short-term users.

403 Nacogdoches St, Center

$2,200,000
5 Beds 4 Baths 21343121 MLS
Welcome to 179 CR 2790 in Shelbyville, Texas, a rare 12.75± acre waterfront estate overlooking beautiful Toledo Bend Lake with more than 500 feet of shoreline, offering the perfect blend of luxury living, equestrian amenities, and outdoor recreation. Perched on an elevated homesite with panoramic lake views, this turnkey property features a custom 2,076± square-foot, 3-bedroom, 2-bath home with an open-concept design, a dramatic wall of windows, renovated bathrooms, new flooring, fresh paint, screened porch with Hot Spring hot tub, expansive covered deck, and propane backup generator. A detached three-car garage includes a fully renovated 2-bedroom, 1-bath guest apartment with a full kitchen, living area, gym, and infrared sauna. Outside, the property is equally impressive with a renovated private pond, mature hardwoods and pines, fully fenced yard, three-stall horse barn with tack room, feed room, wash bay, equipment storage, riding arena, pipe-fenced pasture, chicken coop, wood shed, fiber internet, automated landscape irrigation, and integrated pest control system. The ranch also adjoins approximately 300 acres of privately owned timberland, currently accessed with the neighboring owner's permission for horseback riding and hiking, adding even more recreational opportunities. Whether you're searching for a full-time residence, family compound, equestrian property, or weekend getaway, this exceptional East Texas retreat offers an increasingly rare combination of acreage, waterfront, privacy, quality improvements, and breathtaking views on one of Texas' premier recreational lakes.

179 County Road 2790, Shelbyville

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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