1106 Esplanade Street, Marshall, Texas 75670

$390,000
List Price
$390,000
MLS#
20562073
Status
ACTIVE
Type
Multifamily
Year Built
1930
Acres
0.25
County
Harrison
City
Marshall
Subdivision
Rainey
Building Name
NA

Property Description

7-unit multi-family located in a highly desirable area. Built in 1930, this property retains its historic appeal while boasting modern updates. Extensive updates were made in 2021 and 2022, ensuring contemporary amenities and functionality. A new roof was installed in 2023. This property is ideal for investors seeking steady rental income in a thriving rental market. Demonstrates consistent occupancy rates and rental income, appealing to investors seeking a reliable investment opportunity. It is positioned in a rapidly developing area, with a 10+ Cap Rate, and offering potential for future property value appreciation.

Additional Information

Unexempt Taxes
$802
HOA
No HOA
Annual Insurance
1560
Total Annual Expenses
Insurance, Maintenance, Trash, Water/Sewer, Other
Gross Annual Expenses
10776
Gross Annual Income
50490
Lot Dimensions
103x108
Lot Size
11,020
Lot Description
Cleared
Subdivided
No
Interior Features
Decorative Lighting, Eat-in Kitchen
Flooring
Other
Foundation
Pillar/Post/Pier
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central, Electric
Construction Material
Frame, Wood
Parking Garage
On Site
Total Num Parking
7
School District
Marshall Isd
Elementary School
Moore
High School
Marshall
Building Sq. Ft.
3400
Number of bldgs.
1
Number of units
7
Occupancy Rate
100
Possession
Closing/Funding
Cap Rate
10.18

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Listing courtesy of Sam Scarborough from Scarborough Commercial Real LL. Contact: