Price Reduced Listing
Description
Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth. Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer's Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing.
Details
| MLS # | 21404163 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 38 |
| Listing Provided By | Eartha Wang | Victor Lazcano |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.83 |
Interior
| Cooling | Electric, Heat Pump, Multi Units, Wall/Window Unit(s) |
|---|---|
| Heating | Heat Pump, Space Heater |
| Interior Features | Cable TV Available, Open Floorplan |
| Appliances | Dishwasher, Electric Range |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Siding |
| Foundation Details | Slab |
Parking
| Parking Features | Aggregate, No Garage |
|---|
Utilities
| Utilities | Aerobic Septic, Electricity Available, Individual Water Meter |
|---|
Area Information
| State | TX |
|---|---|
| County | Navarro |
| City | Purdon |
| Zip Code | 76679 |
| Area | Navarro |
| School District | Blooming Grove ISD |
| Elementary School | Bloominggr |
| High School | Bloominggr |
| Listing VS Median (in 76679) | |
Price: $465,000 low | high Med: $283,000 On site: 38 low | high Med: 21 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Navarro |
| City | Purdon |
| Zip Code | 76679 |
| Area | Navarro |
| School District | Blooming Grove ISD |
| Elementary School | Bloominggr |
| High School | Bloominggr |
| Listing VS Median (in 76679) | |
Price: $465,000 low | high Med: $283,000 On site: 38 low | high Med: 21 | |