63 photos
$295,000
720 W Palestine Ave
Palestine, TX 75801
Daniel Nunez, COMBINED ASSOCIATES · (903) 948-0492
What the listing says
Residential/Commercial investment opportunity on a highly visible, street in Palestine! This versatile property offers excellent potential for residential, commercial, or investment use. The main home is filled with character and features hardwood floors, built-ins, coffered ceilings, a fireplace, updated bathroom, metal roof, and a unique upper-level sunroom-style space surrounded by windows. Electrical and plumbing have also been updated. A large asphalt parking area provides ample parking and added flexibility for an office, professional services, retail, studio, or other commercial use, subject to applicable zoning and city requirements. At the rear of the property is a detached duplex with two separate 1-bedroom, 1-bath units, creating additional rental income potential or flexible space for offices, guests, or extended use. Seller may consider owner financing with 20% down, 10% interest, and a term of up to 30 years, subject to seller approval and acceptable terms.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
HOA
None
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Questions about owner financing in Palestine
What is owner financing for 720 W Palestine Ave?
Owner financing means the seller of 720 W Palestine Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Palestine, TX home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Palestine home?
There is no standard down payment. The seller of this Palestine home sets their own, and it is negotiable. Ask the seller or their agent.