Rare mixed-use investment opportunity in the heart of Old Town Lewisville! This three-unit property at 112, 118 and 120 N Hatcher Ave sits on a single lot zoned OTMU-2, offering flexibility for continued residential income or future commercial and mixed-use redevelopment. The property includes a duplex (one 2-bedroom, 1-bath unit… Read More and one 1-bedroom, 1-bath unit) plus a standalone 2-bedroom, 1-bath home, all on the same parcel, with three separate addresses generating multiple income streams from day one. Located just blocks from Old Town Lewisville's shops, restaurants, and rail access, the property sits in one of the metroplex's most walkable, rapidly revitalizing downtown districts. OTMU-2 zoning provides flexibility for continued rental use or future redevelopment. A strong addition to an income portfolio, or an opportunity for a developer to capitalize on the area's continued growth. Read Less
Courtesy of Pax Realty, Drew Elliott.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Triplex
Beds
5
Full Baths
3
Lot Size
0.46 Acres
Year Built
1940
MLS Number
21352382
Additional Details
Appliances & Equipment
GasCooktop, GasOven
Building
Built in 1940, Construction materials: WoodSiding, Levels: One, 2 buildings, 1, Toal building area: 2574
Cooling
CentralAir, CeilingFans
Expenses
Insurance: $4,800
Floors
Hardwood
Heating
Central
Income
Gross income: $34,000, Net operating income: $6,000
Interior Features
EatInKitchen, OpenFloorplan, NaturalWoodwork
Lot
0.46 acres, 20,038 sqft
Parking
3 total parkings, AdditionalParking, Asphalt, Carport, Unpaved
