About 518 E Cypress Street
Located approximately 30 minutes from both Waco and Temple, this 12-unit multifamily property at 518 Cypress Rd in Lott, TX offers a solid opportunity for buyers seeking a value-add investment in Central Texas. The property consists of three residential buildings, each featuring four 2 bedroom 1 bathroom units of approximately 875 sq. ft. each, as well as a separate building that includes an on-site laundry facility and office space. Several units are currently occupied, while others may require updates or repairs, presenting an opportunity for repositioning over time. The location provides convenient access to major highways and nearby employment centers, which helps support ongoing rental demand. Prospective buyers are encouraged to independently verify all financials, occupancy, and condition of the property.
Features of 518 E Cypress Street
| MLS® # | 21847992 |
|---|---|
| Price | $750,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 10,044 |
| Square Footage | 56192 |
| Acres | 1.29 |
| Year Built | 1984 |
| Type | Residential Income |
| Sub-Type | Multi Family,5 Plus |
| Status | Active |
Community Information
| Address | 518 E Cypress Street |
|---|---|
| Area | 83 |
| Subdivision | Townsite Of Lott |
| City | Lott |
| County | Falls |
| State | TX |
| Zip Code | 76656 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| New Construction | No |
| Golf Course | N |
Interior
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Cleared |
|---|---|
| Roof | Wood |
School Information
| District | 283 - Rosebud-Lott |
|---|---|
| Elementary | Lott Elementary School |
| Middle | Rosebud-Lott Middle School |
| High | Rosebud-Lott High School |
Additional Information
| Days on Website | 1 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Top Guns Realty on Lake Conroe |
|---|