508 Texas St
Brenham, TX 77833
Specialty Property For Sale · 2,471 SF

Great investment opportunity on corner lot, within walking distance from Blinn College. Permitted to house 12 students per City and set up along the same guidelines as Blinn College dorms for co-ed housing. First floor consist of 4 bedrooms and 4 baths with Central heat & air, Upstairs has one large room with window AC/Heat. Fenced backyard, front porch, pier and beam foundation, metal roof, vinyl siding. Nice size living room, one room with entrance to den, kitchen with electric range, formica counter and pantry, 6'x10' laundry room, wood and vinyl floors throughout the home, attached garage for additional storage. Notables: Metal roof Home completely rewired with new electrical panel/breakers Replaced plumbing were required by City. Replaced insulation throughout attic (low utilities) City of Brenham provides all utilities 5 new Fire Extinguishers certified by City Fire Dept. Each room with smoke detector per City/Chief of Fire Dept. Corner lot with plenty of parking Conveniently located behind Wheeler dorms & Student Services. Easy walk to classes. Large lot with room to expand. Current business plan follows Blinn's move in/move dates for Fall & Spring Semesters including closures for holidays such as Thanksgiving, Christmas, Spring Break & Easter holidays. Closed during Summer months. The following is provided by Seller and Buyer should do their own inspections and financial feasibility. Rent is calculated as follows based on 12 spaces: Fall: $150 Nonrefundable Deposit $50 Application fee $2500 Rent per semester $32,400 Gross Income Fall semester Spring: No deposit/application is charged if it is a returning student from Fall. However a $50 fee is assessed in between semesters. $30,000 Rent for Spring semester $600 Holdover Fee (12 x $50) $30,600 Gross Income Spring semester $63,000 Gross Income Annually for 8 months rental Property is vacant to SELL this semester. Directions: From 2402 S Day St, Turn Left onto S Day St. Turn Left onto W Tom St, Turn Right onto S Jackson St, Turn Left onto W 2nd St, Turn Right onto Texas St.