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$1,600,000

NAL Estimated Property Value

2621 Johnson ST, San Angelo, TX, 76904

Off MarketInfo
CommercialInfo
Beds Beds
Baths Bath
Baths8,600 Sq Ft
RetailRetail
Year BuiltBuilt in 1968

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
FlooringConcrete

About this property

Step into this remarkable retail complex, spanning an impressive 8670 sq ft, that underwent a comprehensive remodel and code upgrade courtesy of its current stewards during 2020-2021. The focus? Unparalleled attention to detail and an unwavering commitment to quality. Picture a vibrant high-traffic hub, now exuding an upscale, posh charm that perfectly complements the unique offerings of its current lessees, who've embraced the space with their unique and sought after offerings for the area. The main unit offers 3600 square feet or can be split into two units with minimal changes to make 6 rental opportunities. This anchor unit already offers two a/c units and has separate rear entrances. Current tenants have two to ten years on contracts left and a monthly income of $5,394. The property's care during the remodel shines through - a TPO-covered roof, upgraded plumbing, and the added touch of spray foam insulation demonstrate foresight and investment in lasting quality. Advantageously located amidst bustling traffic, just off Knickerbocker, down from ASU and seamless accessibility, this property stands as an irresistible opportunity for its new owner to step into the vibrant heart of Texas commerce.

Investor Tools

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$1,600,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,600,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: San Angelo

2621 Johnson ST | Property Details | No Agent List