115 Private Road 7986 Unit OF, Winnsboro, Texas 75494

$525,000
13
BD
List Price
$525,000
Price Change
▼ $25,000 1711483904
MLS#
20553823
Status
PENDING
Type
Multifamily
Year Built
2009
Bedrooms
13
Acres
6.78
County
Wood
City
Winnsboro
Subdivision
Tj Curi Surv A-116
Building Name
Lang Duplex

Property Description

MOTIVATED SELLER: Wonderful Investment Property in East Texas! Property includes 6.7 total acres with plenty of room to expand the number of rental units or choose to build a primary residence on the property along with expanding your rental units all on the same property. Property is centrally located between Winnsboro, Quitman, and Gilmer. Property includes 1 Triplex and 2 Duplexes. Triplex has 3, 1 Bedroom, 1 Bathroom units. One Duplex has 2, 2 Bedroom, 1 Bathroom units. Second Duplex has 2, 3 Bedroom, 2 Bathroom units. Units are all electric with central VHAC and aerobic septic. Units have individual meters for electricity and water. Great road frontage on both FM 312 and CR 3986. Location is a beautiful country setting with multiple options to expand and utilize the additional acreage for an RV park or mini-storage. 100% LEASED!

Additional Information

Unexempt Taxes
$7,862
HOA
No HOA
Annual Insurance
3600
Total Annual Expenses
Maintenance, Maintenance Grounds, Maintenance Structure, Manager
Gross Annual Expenses
8777
Gross Annual Income
63720
Lot Size
295,249
Lot Description
Acreage
Subdivided
No
Handicap Yn
Yes
Interior Features
Eat-in Kitchen, Walk-In Closet(s)
Flooring
Carpet, Ceramic Tile, Laminate
Foundation
Slab
Roof
Composition
Stories
1
Street Utilities
Aerobic Septic, Co-op Electric, Co-op Water
Heating Cooling
Central
Construction Material
Fiber Cement
Parking Garage
No Garage
Total Num Parking
12
School District
Winnsboro Isd
Elementary School
Winnsboro
Middle School
Memorial
High School
Winnsboro
Building Sq. Ft.
6420
Number of bldgs.
3
Number of units
7
Possession
Closing/Funding
Cap Rate
9.78

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of James Hicks from Quitman Realty. Contact: 903-763-4525