UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision R13381
MLS Listing ID 20887433
Bedrooms 8
Full Baths 4
HOA Y/N None
Total Fin. Sqft 4188
Year Built 1973
Annual Tax Amount $13,026
Lot Size 0.637 Acres
Acres 0.637
Property Sub-Type Triplex
Property Description
If you are looking to add to your portfolio, then take a look at this oversized, cash flowing property boasting 4,188 square feet over 3 units. This triplex was renovated in 2022 (including roof) and since then the property has had updated plumbing, electrical, paint, made up to code for tenants to lease and many more updates that have receipts. Unit 512 has all new vinyl plank flooring throughout and a completely new bathroom, including shower, tub, vanity and toilet. Units 510 and 514 are currently leased and Unit 512 was just renovated and is now listed for lease. All units combined leased for $4,100 when fully occupied. There is also room to increase rents going forward. Unit 510 (1,087 square feet) has 2 beds and 2 baths with an attached carport. Unit 512 is the largest unit at 1,775 square feet. This unit has 3 traditional bedrooms and 2 large living areas (the previous tenant used the second living area as a 4th bedroom with its huge closet) and 1 larger bathroom. Unit 514 (1,245 square feet) has 2 bedrooms and 1 bathroom and has a more open floorplan. There are 3 covered parking spaces and 3 additional uncovered parking spaces. Each unit has an assigned covered and uncovered parking space. The backyard is massive and has plenty of room to add additional units for future growth, as it has access to the road. Due to the property only having 1 water meter, the owner has been paying for water, sewage and trash. This can be solved by installing separate submeters and then having tenants paying for all utilities. Tenants pay for electric and internet. There is a community park and community pool within walking distance right across highway 80. The listing agent is also the owner.
Location
State TX
County Van Zandt
Direction See GPS
Interior
Interior Features Built-in Features, Cable TV Available, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Heating Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Luxury Vinyl Plank
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Heat Source Electric
Exterior
Exterior Feature Covered Patio/Porch
Carport Spaces 3
Fence None
Utilities Available Asphalt, Cable Available, City Sewer, City Water, Electricity Connected
Roof Type Composition,Shingle
Total Parking Spaces 3
Garage No
Building
Lot Description Few Trees, Landscaped, Lrg. Backyard Grass
Story One
Foundation Slab
Level or Stories One
Structure Type Concrete,Siding
Schools
Elementary Schools Grandsalin
Middle Schools Grandsalin
High Schools Grandsalin
School District Grand Saline Isd
Others
Ownership Funk REI, LLC
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20887433
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