$15,500,000
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72,390 SqFt
SOLD DATE : 02/25/2022
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 72,390 sqft
Price per Sqft $214
Subdivision Na
MLS Listing ID 14734708
Sold Date 02/25/22
HOA Y/N None
Total Fin. Sqft 72390
Year Built 2019
Property Description
Great Investment Opportunity! Fully occupied quadplex community built in 2019. About 1 hour from Dallas in Mabank, TX. Parcel going through replat to individually plat each building onto its own parcel. Deal will close once replat is finished, expected January 2022. 60 units totaling 72,930 SF, 54 - 2 bed,2 bath units & 6 - 3 bed,2 bath units. Currently generating 62,925 month in rent. Current rents are below current market value for the area. Great potential for increased rent with updating. POF & EXECUTED CONTRACT NEEDED BEFORE SHOWING PROPERTIES. DO NOT DISTURB THE CURRENT TENANTS. Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Location
State TX
County Henderson
Direction Hwy 175 to 198. Going South on 198-S 3rd Street to Andrew Drive and turn right. Go left on Barnes Dr and the property is on the right-hand side.
Interior
Interior Features Cable TV Available
Heating Central, Natural Gas
Cooling Central Air, Electric
Appliance Disposal
Heat Source Central, Natural Gas
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Parking Type Other
Garage No
Building
Story One
Foundation Slab
Structure Type Other
Schools
Elementary Schools Mabank
Middle Schools Mabank
High Schools Mabank
School District Mabank Isd
Others
Ownership Ameritex Homes LLC
Financing Other
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