Looking for another multifamily property to add to your portfolio? Check out this cash-flowing, updated multifamily property near downtown Greenville, TX. Property features 4 rental units on 1 property and is fully occupied with leases in place through 2027. Monthly rental income totals $3,475, and tenants pay their own utilities. Each unit has its own designated parking. The property includes a duplex with two 1 bedroom, 1 bathroom units, a detached single apartment with 1 bedroom, 1 bathroom , and a separate 2 bedroom, 1 bathroom home. Recent updates include paint, flooring, plumbing, electrical, roofs, appliances, and HVAC systems. Annual income with current rents is $41,700; capitalization rate at 7.8%. Do not disturb tenants. Showings will take place during the option period only. Accounting information will be provided with accepted offer.
| MLS # | 21284862 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 161 |
| Listing Provided By | Farmersville Real Estate Company | Melody Hudson |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| Garage | 1 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 3 |
| Acreage | 0.30 |
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Interior Features | High Speed Internet Available |
| Appliances | Dishwasher, Gas Oven, Gas Water Heater, Plumbed For Gas in Kitchen, Refrigerator |
| Roof | Composition |
|---|---|
| Security Features | Smoke Detector(s) |
| Construction Materials | Fiber Cement |
| Foundation Details | Pillar/Post/Pier |
| Lot Features | Cleared, Interior Lot |
| Garage Yn | 1 |
|---|---|
| Attached Garage Yn | 1 |
| Parking Features | Additional Parking, Asphalt, Common, On Street, Outside |
| Utilities | City Sewer, City Water |
|---|
| Unexempt Taxes | 6300 |
|---|---|
| Tax Lot | 5 |
| Tax Block | 505 |
| Tax Legal Description | S4385 ORIG TOWN OF GREENVILLE BLK 505 LOT 5 A |
| State | TX |
|---|---|
| County | Hunt |
| City | Greenville |
| Zip Code | 75401 |
| Area | Hunt |
| Community Name | Orig Town Of Greenville |
| School District | Greenville ISD |
| Elementary School | Lamar |
| High School | Greenville |
| Listing VS Median (in Orig Town Of Greenville) | |
Price: $439,500 low | high Med: $192,500 On site: 161 low | high Med: 161 | |
| State | TX |
|---|---|
| County | Hunt |
| City | Greenville |
| Zip Code | 75401 |
| Area | Hunt |
| Community Name | Orig Town Of Greenville |
| School District | Greenville ISD |
| Elementary School | Lamar |
| High School | Greenville |
| Listing VS Median (in Orig Town Of Greenville) | |
Price: $439,500 low | high Med: $192,500 On site: 161 low | high Med: 161 | |