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Wonderful Investment Property in East Texas! 100% Leased. 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 Heat & A/C 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. New roofs July 2023.
| DAYS ON MARKET | 62 | LAST UPDATED | 3/20/2024 |
|---|---|---|---|
| TRACT | none | YEAR BUILT | 2009 |
| COUNTY | Wood | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Winnsboro |
|---|---|
| Jr. High School | Winnsboro |
| High School | Winnsboro |
| PRICE HISTORY | |
| Prior to Mar 7, '24 | $550,000 |
|---|---|
| Mar 7, '24 - Mar 20, '24 | $540,000 |
| Mar 20, '24 - Today | $525,000 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Refrigerator |
| CONSTRUCTION | Aluminum Siding, Vinyl Siding |
| HEAT | Central, Electric |
| LOT | 6.778 acre(s) |
| LOT DIMENSIONS | 900x260 |
| PARKING | Gravel |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | none |
| TAXES | 8775.31 |
| ZONING | Single Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Kaci Williams, Quitman Realty
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