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Current Income with Growth Potential in Opportunity Zone This unique investment sits on 5 acres with easy access to FM roads. Currently generating over $10,000/month in rental income, the property offers strong cash flow with room for expansion or redevelopment. Property Includes: Remodeled 8-Unit Apartment Complex, 100% occupied, Newer septic system, public water. Newer Tiny Home Currently rented at 1000 per month but perfectly situated for onsite management office. 12,500 Commercial Building 5,000 SF Retail Space Previously a well-known local hardware store. Great potential for retail, office, storage, or conversion to fit your vision. 7,500 SF Warehouse + 750 SF Loft / mezzanine Features industrial roll-up doors"”perfect for mini-storage, boat/RV dry storage, or light industrial use.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 8/15/2025 |
|---|---|---|---|
| TRACT | 0 | YEAR BUILT | 1982 |
| COMMUNITY | 44 | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Onalaska Elementary School |
|---|---|
| Jr. High School | Onalaska Jr/Sr High School |
| High School | Onalaska Jr/Sr High School |
| PRICE HISTORY | |
| Prior to Jun 27, '25 | $2,100,000 |
|---|---|
| Jun 27, '25 - Today | $1,999,990 |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Microwave, Range, Refrigerator |
| AREA | 44 |
| CONSTRUCTION | Brick |
| EXTERIOR | Balcony |
| HEAT | Electric |
| LOT DESCRIPTION | Cleared |
| PARKING | Paved |
| STORIES | 2 |
| SUBDIVISION | 0 |
| TAXES | 2995 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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Listed with Compass RE Texas, LLC - The Heights
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