206 E Lufkin Ave
Lufkin, TX 75901
Land For Sale
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0.08 AC
Investment Highlights
- Mixed Use Investment Property in Downtown Lufkin
- Reliable and Consistent Revenue
- On Site and Street Parking
Property Facts
Description
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. Roof replaced in 2023. 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. There is ample street parking for both staff and patrons. Potential gross annual income $39,480.
Property Taxes
| Parcel Number | 42857 | Improvements Assessment | $113,940 |
| Land Assessment | $7,000 | Total Assessment | $120,940 |
Property Taxes
