Property
Beds
7
Full Baths
5
1/2 Baths
None
Year Built
1982
Sq.Footage
N/A
This property is a 5 Unit Apartment Complex in a great part of Leonard Texas. This property is an investor special! The projected after repair value per a formal appraisal conducted in May of 2022, is $420,000. This property is fire damaged and will need significant remodel work. Unit Mix: 3 Units are 1 bed-1bath units at 500sqft each with an average rental rate per comps of $744 per unit as of May 2022. 2 Units are 2 bed-1 bath at 600sqft each with an average rental rate per comps at $908 per unit as of May 2022. The total net rentable area of this complex is 2700sqft. This is a great equity and cashflow opportunity for the investor that wants to take on a large project. Schedule your viewing today! All lots are currently zoned SF2, Single Family 2. If the structure gets torn down, all future structures will have to meet SF2 requirements. This property is not zoned multi-family. It was built before the city zoned the area SF2, so it was grandfathered in and allowed to stay.
Features & Amenities
Interior
-
Other Interior Features
Other
-
Total Bedrooms
7
-
Bathrooms
5
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Open
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.161
-
Property Type
Residential Income
Price
-
Sales Price
$95,000
-
Tax Amount
$2,963
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Leonard
-
Middle School
N/A
-
High School
Leonard
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Sewer
Public Sewer
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Location
County
Fannin
Elementary School
Leonard
Middle School
High School
Leonard
Listing Courtesy of Spencer Mcduffy , eXp Realty LLC
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AGENT
Joe Boston
Call Joe today to schedule a private showing.
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