525 County Road 3502, Sulphur Springs, Texas 75482

$1,250,000
List Price
$1,250,000
Price Change
▲ $301,000 1623388326
MLS#
14547944
Status
ACTIVE
Type
Multifamily
Year Built
1940
Construction Status
Preowned
Acres
17.123
County
Hopkins
City
Sulphur Springs
Subdivision
Elizabeth Melton Surv Abs #583
Building Name
N/A

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.

Additional Information

HOA
No HOA
Annual Insurance
3000
Gross Annual Expenses
3500
Gross Annual Income
60000
Lot Size
745,877
Acres
17.123
Subdivided
No
Interior Features
Cable TV Available, High Speed Internet Available
Foundation
Pier & Beam
Roof
Composition, Metal
Stories
1
Street Utilities
Aerobic Septic, City Sewer, Individual Water Meter, Private Water
Heating Cooling
Central Air-Elec, Central Heat-Elec, Propane, Window Unit
Construction Material
Other
Parking Garage
Open
Total Num Parking
12
School District
Sulphur Springs Isd
Elementary School
Sulphursp
Middle School
Sulphurspr
High School
Sulphurspr
Building Sq. Ft.
8200
Number of bldgs.
6
Number of units
7
Possession
Closing/Funding
Cap Rate
4.28

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of JP & Associates Frisco.