404 N White Oak Street, Dodd City, Texas 75438

$500,000
6
BD
3
BA
List Price
$500,000
MLS#
20615386
Status
ACTIVE
Type
Multifamily
Year Built
1990
Bedrooms
6
Bathrooms
3
Acres
0.17
County
Fannin
City
Dodd City
Subdivision
Orig Dodd City

Property Description

3 Duplex's in the quite small town of Dodd City Texas located a few miles from Lake Bois d arc in North Central Texas. Great opportunity to own a few duplex's in a laid back atmosphere with steady income. These properties are owned by 4 separate family members but being sold together as one package. In addition one of the owners has approximately 2.25 acres around the property that can be purchased for more Units. Dodd City ISD is a Great School District and your duplex's are within walking distance. As all properties like this with long time tenants the rents are a little lower than what other properties in the area are bringing, so there is room to go up and still be below area properties.

Additional Information

Unexempt Taxes
$1,660
HOA
No HOA
Annual Insurance
4054
Gross Annual Expenses
5588
Gross Annual Income
36000
Lot Size
7,187
Lot Description
Acreage
Subdivided
No
Interior Features
Cable TV Available, Other
Flooring
Carpet, Vinyl
Foundation
Slab
Roof
Composition
Stories
1
Street Utilities
All Weather Road, City Sewer, City Water
Heating Cooling
Central, Electric
Construction Material
Frame
Parking Garage
Gravel, Open
Total Num Parking
1
School District
Dodd City Isd
Elementary School
Doddcity
Middle School
Doddcity
High School
Doddcity
Building Sq. Ft.
1680
Number of bldgs.
3
Number of units
3
Possession
Closing/Funding
Cap Rate
5.27

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 JAMES SIMPSON from Weichert Realtors-Solid Ground. Contact: 903-583-4900