Discover the potential of a Texas fixer upper at an unbeatable price of $35,000! Located near downtown Coleman, this three-bedroom bungalow is primed for renovation and offers a golden opportunity for investors and homeowners alike.
Investors beware! This promising property at 612 Plum St not only requires repairs but also presents significant upside potential. With recent electrical upgrades made to city code, you’re starting on the right foot with your renovation project. Its prime location, just moments away from Coleman’s dynamic new downtown park, shopping hubs, and acclaimed dining spots, makes it an ideal choice for flipping, renting, or holding. Don’t let this diamond in the rough pass you by! Schedule your showing today!
The Appeal of Coleman Real Estate
Coleman, Texas, offers a unique blend of affordability and opportunity, perfect for those looking into investment properties in Coleman. Your investment here means aligning with an area that boasts a cost of living approximately 22% below the national average. With median home prices hovering just under $60,000 and rental rates significantly lower than national figures, Coleman is an attractive option for families, retirees, and budget-conscious investors.
Safety and Community Life in Coleman
The low crime rate in Texas is a key aspect that makes Coleman an inviting choice for potential residents. Families seeking a safe environment will appreciate the community's emphasis on safety, with overall crime rates falling well below national figures. Coleman’s vibrant community of around 4,000 residents fosters a close-knit atmosphere where neighbors often look out for one another, enhancing the quality of life.
Education That Matters
Families in Coleman should feel secure in knowing their children can receive quality education. The strong school district of Coleman features a favorable student-teacher ratio of 11:1, serving approximately 794 students. With a 100% graduation rate, the district showcases its commitment to academic excellence, making it an attractive option for families considering relocation.
Healthcare Accessibility
Healthcare services in Coleman are accessible thanks to facilities like the Coleman County Medical Center—a 25-bed critical access hospital equipped to provide family medicine and emergency care. For residents, this ensures peace of mind knowing that quality healthcare is within reach.
Understanding the Drawbacks
Although living in Coleman has many perks, recognizing potential downsides is essential. Employment opportunities in the area can be limited, with a job market focused mainly on sectors like retail, healthcare, and manufacturing. The median household income stands around $44,515, which is below the national average, possibly influencing long-term financial stability for families.
Public transportation in Coleman lacks comprehensiveness, necessitating personal vehicles for commuting and daily errands, which could be a deterrent for those used to urban conveniences. Additionally, the town’s entertainment and dining options are limited compared to larger metropolitan areas, potentially affecting those seeking a more vibrant social scene. With aging infrastructure in some neighborhoods, residents and investors may encounter areas needing updates and maintenance, impacting overall aesthetics.
Why Invest in Coleman?
Choosing to invest in Coleman real estate opens doors to affordable living in Texas with thriving potential for appreciation. With the local economy on the rise and a community atmosphere firmly in place, new buyers and seasoned investors alike should see Coleman as a prime location for their next venture.
The Texas fixer upper at 612 Plum St is more than just a house; it’s an opportunity to create a home or add to your portfolio. Embrace the charm of Coleman today, and secure your investment by contacting the realtor linked below or reach out to your own agent. Ensure you verify the details and property status independently. Don’t miss out on this opportunity!