This 4,284 square-foot, fully leased four-plex presents an excellent investment opportunity with an estimated 6.00% cap rate, based on month-to-month leases with normalized rents. The property has been extensively renovated, including updates to the electrical system (four meters), plumbing (one water meter), roof, foundation, and central HVAC. Interior improvements feature… Read More new cabinetry, millwork, flooring, and windows. Additionally, the property includes a tiny home at the rear, which can serve as an office, and a three-car garage for tenants. Strategically located just off Interstate 30, the property is situated in a densely residential area near Baylor Scott & White Hospital and various retail establishments. Please note that showings will be permitted only after the property is under contract. The landlord conducts monthly inspections to ensure proper maintenance of each unit. Read Less
Courtesy of M&D Real Estate, Ross Miller.
Listing Snapshot
Days Online
82
Last Updated
Property Type
Quadruplex
Lot Size
0.23 Acres
Year Built
1924
MLS Number
20866406
Additional Details
Building
Built in 1924, Construction materials: Brick, Levels: Two, 1 building, 2, Toal building area: 4284
Cooling
CentralAir
Garage
3 garage spaces
Heating
Central
Lot
0.23 acres, 10,019 sqft
Parking
3 covered spaces, 4 total parkings, Driveway, Garage, OnSite
