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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Moran Ot
MLS Listing ID 20457957
Sold Date 12/04/23
Bedrooms 18
Full Baths 12
HOA Y/N None
Total Fin. Sqft 7164
Year Built 1967
Lot Size 0.900 Acres
Acres 0.9
Property Description
Cash flowing, low maintenance, low expenses, turn key investment… Here it is! All the heavy lifting has been done for you to enjoy monthly cash flows north of $5,000 per month! There are a total of 6 duplexes and one laundry building here. Plus, a nice courtyard area. 6 one bedroom units and 6 two bedroom units. This investment is able to offer very affordable rent prices that help keep the occupancy rate near 100%. All units have been updated with new flooring, paint and appliances. Each unit has individual electric meters. The leases include water, trash and sewer but average less than $40 per unit each month! Laundry building provides another stream of income and the other side of the laundry building provides storage space for all the needed maintenance items. Each unit has central heat and air. You can’t buy a single family or another duplex with these types of returns. With this one you get the great returns and 12 doors so that rent is always coming in! Videos available.
Location
State TX
County Shackelford
Community Laundry, Sidewalks
Direction From IH 20: Take exit 332 (Route 6) north for 20.1 miles. Left on E Post Oak Ave, Left on Waters St, property on right after post office.
Interior
Interior Features Other
Heating Electric
Cooling Central Air
Flooring Luxury Vinyl Plank
Appliance Electric Range, Electric Water Heater, Refrigerator
Heat Source Electric
Exterior
Fence None
Community Features Laundry, Sidewalks
Utilities Available City Sewer, City Water, Electricity Connected, Gravel/Rock, Overhead Utilities, Sidewalk, Underground Utilities
Roof Type Composition
Garage No
Building
Lot Description Cleared, Corner Lot, Few Trees, Level, Lrg. Backyard Grass, Park View
Story One
Foundation Slab
Level or Stories One
Structure Type Brick,Siding,Wood
Schools
Elementary Schools Moran
Middle Schools Moran
High Schools Moran
School District Moran Isd
Others
Ownership See Tax
Acceptable Financing Cash, Conventional, Owner Will Carry, Private Financing Available
Listing Terms Cash, Conventional, Owner Will Carry, Private Financing Available
Financing Cash
Special Listing Condition Aerial Photo
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Bought with Matt Newman • Country Real Estate
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