131-139 Houston Street
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.
Broker Details
ECMC, Ltd dba Keller Williams Realty (972) 935-5251
MLS ID: 0659054
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $735,000 |
| No. of Units: | 4 |
| Year Built: | 2020 |
| Lot Size: | 5,000.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $183,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 8 |
ID: 3yd-NTREIS-21343744
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