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525 County Road 3502

Sulphur Springs, TX 75482
  • $1,150,000
  • STATUS: Active
  • ON SITE: 199 Days
  • MLS #: 14547944
Price Reduced
UPDATED: 158 min ago
$1,150,000
  • 0
    BEDS
  • 17.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1940
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Offered by Arturo Nevarez of Jpar - Frisco.

Description

CALLING ALL INVESTORS!! Excellent opportunity to own seven fully leased homes on 17+ acres. Existing leases were inherited at below market rates; leases can be increased to market rates at time of renewals or when buyer takes over property. Property sits in a great location in front of a newly constructed industrial park (Load & Trail and ONCOR) and is minutes away from downtown. Plenty of land to build or add more homes with easy access to all utilities (water, sewer, gas and electric). This property has no restrictions; it can be used for residential or commercial or mixed-use.

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© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-10-20T23:39:22.417.
www.rebdgroup.com/homes/115756381
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525 County Road 3502 Sulphur Springs, TX 75482

  • Price: $1,150,000
  • Status: Active
  • Updated: 158 min ago
  • MLS #: 14547944
0
Beds
0
Baths
0
½ Baths
17.12
Acres
1940
Built
Neighborhood:
Elizabeth Melton Surv Abs #583
County:
Hopkins
Area:
Hopkins County
Elementary School:
Sulphursp
Middle School:
Sulphurspr
High School:
Sulphurspr
School District:
Sulphur Springs ISD
Property Description
CALLING ALL INVESTORS!! Excellent opportunity to own seven fully leased homes on 17+ acres. Existing leases were inherited at below market rates; leases can be increased to market rates at time of renewals or when buyer takes over property. Property sits in a great location in front of a newly constructed industrial park (Load & Trail and ONCOR) and is minutes away from downtown. Plenty of land to build or add more homes with easy access to all utilities (water, sewer, gas and electric). This property has no restrictions; it can be used for residential or commercial or mixed-use.
Exterior Features

Construction Other Foundation Pier & Beam Parking Or Garage Open Parking Spaces 12 Pool On Property No Roof CompositionMetal

Interior Features

Handicap YN No Heating Central Air-ElecCentral Heat-ElecPropaneWindow Unit Interior Features Cable Tv AvailableHigh Speed Internet Available Kitchen Equipment Other Sq Ft Building 8200

Property Features

Building Area Source Tax Buildings 6 Complex Name N/A Construction Status Preowned Gross Annual Expenses 3500 Gross Annual Income 60000 HOA None Insurance Expense 3000 Municipal Utility District No Net Annual Income 53500 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unit Count 0 Utilities Aerobic SepticCity SewerIndividual Water MeterPrivate Water Will Subdivide No

Listing information © 2021 North Texas Real Estate Information System.


© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-10-20T23:39:22.417.
 
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Real Estate By Design | Keller Williams
2434 Lillian Miller Pkwy
Denton TX, 76205
Offered by Arturo Nevarez of Jpar - Frisco.