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Incredible investment opportunity! 3 newly constructed homes on 1 acre of land. Open floor plans, custom backsplash, granite countertops, stainless steel appliances. Each unit has 2 bedrooms, 1 bath, washer/dryer hookups, & 2 parking spaces. Separate electrical & water meters. Fully fenced yards. This area desperately needs more rentals. Rent all 3 for an instant income, or live in one and let the other 2 pay your mortgage! Additional space on the property add storage buildings for added income potential. Or add a hot tub to each unit for a charming VRBO. There's so much income potential here, it's nuts! Each unit is TURNKEY and ready to produce income NOW! An estimated cap rate between 7-9% if rented for 1200-1500 each! This is a golden investment opportunity of a lifetime!
| DAYS ON MARKET | 29 | LAST UPDATED | 4/26/2024 |
|---|---|---|---|
| TRACT | na | YEAR BUILT | 2023 |
| COUNTY | Gregg | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Sabine |
|---|---|
| Jr. High School | Sabine |
| High School | Sabine |
| PRICE HISTORY | |
| Prior to Apr 26, '24 | $549,888 |
|---|---|
| Apr 26, '24 - Today | $535,000 |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Oven, Electric Range, Refrigerator |
| HEAT | Central, Electric |
| PARKING | Gravel |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | na |
| TAXES | 660 |
| WATER | Public |
| ZONING | Multi Fam Dwelling 11 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Nacole Eaton, Texas Real Estate Executives-Gilmer
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