111 S 33rd Street, Temple, TX 76504

• 20 beds |
• 12 baths |
• 1,404 sqft

Property Description

Fix it. Flip it. Reimagine it. This is the kind of diamond in the rough that seasoned investors dream about! Located just off Adams Avenue and minutes from Baylor Scott & White, this versatile commercial property is packed with potential and poised for transformation. Main Building: Approx. 10,707 sq. ft. – a solid shell ready for your vision Additional Structures: A 2-bedroom frame home, former laundry building, and garage/storage area The property is zoned commercial and was previously used as an independent living facility, but the possibilities are wide open: Multi-tenant office space Assisted living or residential rehab facility Boutique lodging or studio space Storage and service-oriented business All buildings are sold AS IS – yes, they need extensive rehab, but this is your blank canvas. MOTIVATED SELLER – Extremely negotiable on cash offers, outside financing AND open to OWNER FINANCING! Rare Value Add Opportunity in Temple! This is an 11 unit multifamily with over 9000 square feet of rentable space (~10500 total building square footage). Projected Income of $13,500 a month (at 1.5 psf) or $162,000 annually. Projected expenses: $40,000 annually NOI: $122,000 Renovated Valuation of $1,876k at a 6.5% cap rate *Attractive Seller Financing Option Available (with 20% downpayment) - Preliminary Renovations Budget of $400-500k INVESTOR ALERT – PRIME COMMERCIAL OPPORTUNITY IN TEMPLE, TX! Don’t wait. With Temple's ongoing growth and proximity to major employers, this is the kind of opportunity that won’t sit long. Call today to schedule a walkthrough and make your offer before someone else grabs this hidden gem!

Listing Status:

Active

Date Added:

April 1, 2026

Data Last Updated:

April 4, 2026 at 4:17AM

Listing Office:

All City Real Estate Ltd. Co : (866) 277-6005

Listing Agent:

Elizabeth Thomas : (254) 394-3742

MLS ID:

609192

Interior

• General: OtherSee RemarksEat-in Kitchen
• Appliances: Dishwasher
• Laundry: Laundry Room
• Flooring: Tile
• A/C: OtherSee Remarks
• Heating: OtherSee Remarks
• Fireplace: BedroomBathDenDining RoomFamily RoomFireplace

Exterior

• General: NoneOtherSee Remarks
• Style: OtherSee Remarks
• Pool: None

Construction

• Roofing: CompositionShingle
• General: Masonry1Slab

Location

• Road/Access: City Street
• Originating MLS: CTEXAS_FHAAR
• School District: Temple ISD
• County: Bell

Lot

• Zoning: TEMPLE HEIGHTSBLOCK 001LOT PT 6(SW COR OF 651.13' X 74.4')ACRES .087118896
• View: None
• Fencing: Chain Link

Utilities

• Utilities: Water Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CTEXAS_FHAAR