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Rise Realty

info@riserealtytexas.com +1(888) 774-7315

$ 735,000

Est. payment | -/mo

12 Beds

8 Baths

5,000 SqFt

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$ 735,000

Est. payment | -/mo

Save Virtual Tour

12 Beds

8 Baths

5,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $147

Subdivision E D Harrsion

MLS Listing ID 21343744

Bedrooms 12

Full Baths 8

HOA Y/N No

Year Built 2020

Annual Tax Amount $16,252

Lot Size 0.569 Acres

Acres 0.569

Property Sub-Type Quadruplex

Property Description

Turnkey 4-unit multi-family built in 2020 — two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities — every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.

Location

State TX

County Ellis

Direction From 77 out of Waxachie you can take Main left to Houston

Interior

Interior Features Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Kitchen Island, Open Floorplan

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave

Exterior

Parking Features Driveway, Shared Driveway

Fence Wood

Pool None

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 8

Garage No

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Stafford

Middle Schools Italy

High Schools Italy

School District Italy Isd

Others

Tax ID 185733

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21343744

Nearby Locations

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+1(888) 774-7315

info@riserealtytexas.com

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131-139 Houston ST Italy, TX 76651