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411 S Kaufman St

6,400 SF Specialty Building Offered at £283,474 in Newton, TX 75966

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INVESTMENT HIGHLIGHTS

Good location : 9 Rooms and 9 baths
Many rooms for offices, hair or nail stations

Large Lot to create assigned Parking
Common areas including lobby, kitchen, dining, and laundry rooms

EXECUTIVE SUMMARY

The subject property at 411 Kaufman Street, Newton, Texas, is commercial two-story, 6,400-square-foot structure situated on a 0.3287-acre lot. The facility includes nine bedrooms with private baths, a communal family room with a fireplace, a kitchen, dining area, laundry room, and an upper-level wood deck patio. The building, originally constructed in 1952, has undergone significant renovations to enhance its functionality and modern appeal. The surrounding market area consists of a mix of residential, commercial, and special-purpose properties, contributing to stable property values and mild growth trends. Positioned near the central business district of Newton, the property benefits from convenient access and visibility along a main roadway. With its recent renovations and continued demand for transitional healthcare facilities, the property's market value as of January 13, 2023, is estimated at $471,000. Appraisal and survey attached.
Great for hair & nail salon, office or retail...

Survey Newton

Appraisal of 411 Kaufman - Newton Tx - McNeil Investments - 01312023 (1) (version 1) (2) (2)

PROPERTY FACTS

Price	£283,474	Building Class	B
Price Per SF	£44	Lot Size	0.33 AC
Sale Type	Investment or Owner User	Building Size	6,400 SF
Sale Conditions	Distress Sale High Vacancy Property REO Sale	Number of Floors	2
Property Type	Specialty	Year Built/Renovated	1952/2022
Property Subtype	Lodge/Meeting Hall Specialty Correctional Facility Specialty Religious Facility Specialty Sorority Fraternity House	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£283,474
Price Per SF	£44
Sale Type	Investment or Owner User
Sale Conditions	Distress Sale High Vacancy Property REO Sale
Property Type	Specialty
Property Subtype	Lodge/Meeting Hall Specialty Correctional Facility Specialty Religious Facility Specialty Sorority Fraternity House
Building Class	B
Lot Size	0.33 AC
Building Size	6,400 SF
Number of Floors	2
Year Built/Renovated	1952/2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.