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$169,000 52,200 sq.ft. Sets on 3.22 acres bonus buildings, mansion, home, L@@K
1300 Paradise St., Vernon Tx., TX 76384
1300 Paradise St.
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It’s ready to go for whatever you choose to do with it; use as your home, an in-house business or public housing as housing is in big demand in the town of Vernon. One possibility for public housing would be a boarding home. The school has 38 big rooms which you could rent out. As an example, you could rent each room for $500 per month x 38 rooms would net you a total monthly income of $19,000. There are shower rooms in the building, but no showers in the rooms. You would just need to put inside locks on the shower room doors. I discussed the Boarding House concept with the Community Development Director, and she was receptive to the idea and thought this would work well in the community. Another housing option would be go a step further and convert it into an apartment complex. The school also features a fully functional kitchen stocked full of appliances. This would complement the boarding home option, or be great for anyone wanting to do an in-home or commercial catering business. You could also rent out the gymnasium to individuals and/or organizations for use as a Community Center for holding community functions with access to a kitchen. If your plans do not include the need for a kitchen, you could always sell the high-end appliances for profit.
Whatever you decide to do with this beautiful property, it’s a great investment. Just open your mind and start dreaming because the possibilities are endless.
Taxes for this year will be approximately $2500. For more pictures, click here https://www.flickr.com/photos/21503085@N03/albums/72177720331303278/with/55025433770
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