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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,607 sqft
Price per Sqft $123
Subdivision Country Meadows Est
MLS Listing ID 10137313
Sold Date 11/08/21
Bedrooms 6
Year Built 2012
Annual Tax Amount $3,572
Tax Year 2021
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Duplex
Property Description
Very rare & excellent investment opportunity!!! Located just 2 miles from the high school in the highly sought after Lindale School District, These 100% Occupied Duplexes can be purchased individually (1 building/2 units), or in a package of up to 8 buildings/16 units. Each unit features an open floor plan with 3 generous bedrooms, 2 full baths, excellent storage, indoor laundry and a one car garage with a concrete drive. These well-maintained/energy efficient brick structures were built for low maintenance with stained cabinetry in the kitchen & baths, 30 year architect shingles with ridge vents, insulated windows & mostly maintenance-free exterior trim. All are on 1/2 acre lots with underground utilities, fenced tree-lined back yards, separate septic systems and electric meters. Community Basketball/Sport Court at the end of the Cul de Sac. Tenants pay all utilities. Although these units currently provide an excellent return on investment at their current rents, the most recent tenant's lease was signed at $1250/mo. The current market rate of $1/ft puts the larger units at $1300/mo, giving the new owner/investor excellent potential for an even greater return in the very near future. HURRY!!! With the explosive growth and property shortage in both the Lindale & Tyler areas, THESE WON'T LAST LONG!!! No signs on the properties & please do not disturb tenants. (Due to 100% occupancy, photos may not be of this exact unit and may also have a reverse/mirror image of the layouts in the listing photos).
Location
State TX
County Smith
Zoning Two Family Dwelling
Interior
Interior Features Ceiling Fan, Blinds
Heating Central Electric
Cooling Central Electric, Individual Controlled
Flooring Stained Concrete
Fireplaces Type None
Equipment Range/Oven-Electric, Dishwasher, Microwave, Pantry
Exterior
Exterior Feature Patio Covered, Porch
Fence Chain Link Fence
View Y/N No
Roof Type Composition
Building
Foundation Slab
Sewer Conventional Septic Sys
Water Community
Level or Stories 1 Story
Schools
Elementary Schools Lindale
Middle Schools Lindale
High Schools Lindale
Others
Acceptable Financing Conventional, FHA, Must Qualify, Cash
Listing Terms Conventional, FHA, Must Qualify, Cash
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Bought with Brian Chinn