Fully renovated five-unit multifamily investment opportunity in Plano, Texas, situated on approximately 0.36 acres. This property has been extensively rebuilt and renovated from the framing, with major improvements including new flooring, ceilings, kitchens, cabinetry, bathrooms, appliances, and a Class 3 impact-resistant roof. Offering approximately 3,008 square feet, the property is… Read More in turnkey condition and positioned for strong long-term investment potential. Conveniently located near the major Collin Creek Mall redevelopment and other area improvements. A large open area at the rear of the property may provide potential for additional multifamily expansion or other future development, subject to zoning, permitting, and City of Plano approval. Short-term rental use may also be possible, subject to applicable laws and regulations. Buyer to independently verify all development, zoning, rental, and use possibilities. Read Less
Courtesy of Stride Real Estate, LLC, Chenchi Kuriakose.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Apartment
Beds
5
Full Baths
5
Lot Size
0.36 Acres
Year Built
1946
MLS Number
21372706
Additional Details
Appliances & Equipment
ElectricRange
Building
Built in 1946, Year Built Details: Preowned, 1 building, Levels: One, Construction Materials: Brick, Concrete, WoodSiding
Cooling
CentralAir
Expenses
Insurance: $5,500
Fence
Wood
Floors
LuxuryVinylPlank
Foundation
PillarPostPier
Heating
Electric
Income
Gross Income: $84,000, Net Operating Income: $70,000
