318 N 4th Street

Motivated Seller! Bring all offers! Unlock the potential of this unique historic property, perfectly poised for your vision. This fourplex is a blank slate, with framing and plumbing rough-in complete, just waiting for your final designs and selections. Renewable permits with the City of Temple, and the property is zoned CA, allowing for multifamily use. Fire sprinkler system installed, just awaiting exterior punch out.
This charming property, situated on a corner lot, features one two-bedroom unit and three one-bedroom units. Units A and B will each have the convenience of private in-unit laundry, while Units B and C will share a designated indoor laundry space. With projected rent total conservatively estimated at $4,000 per month, this is a promising investment opportunity.
The timeline for construction completion is 6-8 months, ideal for those ready to move swiftly. The property is available for cash buyers only.
Located just two blocks from downtown Temple, you’ll be in the heart of a vibrant area with a growing multi-use development scene and an array of local dining options. The property benefits from the Beautify Temple program, which incentivizes infill development, adding further appeal to this investment.
On-site parking is ample, with a driveway off E Downs Ave accommodating up to 4 cars and another entrance off N 4th Street providing space for 2 additional cars. Units B and C, situated on the second level, have a separate entrance, while Units A and B are accessible from an expansive front porch.
Features include tall ceilings on the ground floor, 3 separate water, gas, and electric meters (Units C+D on combined meters), and the availability of gas, already run to the home. Plans include private kitchens, dining areas, and living spaces for each unit, with large closets in all bedrooms. Unit A is plumbed for a double vanity.
With serious sellers motivated to move this property, now is the perfect time to seize this opportunity!