$535,000
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12 Beds
8 Baths
9,844 Sqft Lot
SOLD DATE : 11/14/2022
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Rays Place Ii
MLS Listing ID 20167772
Sold Date 11/14/22
Bedrooms 12
Full Baths 8
HOA Y/N None
Total Fin. Sqft 4256
Year Built 2003
Annual Tax Amount $11,609
Lot Size 9,844 Sqft
Acres 0.226
Property Description
**MULTIPLE OFFERS RECEIVED. HIGHEST AND BEST DUE SUNDAY OCT 2ND @ 5PM** Rare opportunity to own two fourplexes in the heart of Crowley. Great income-producing properties that are currently operating at a cap rate just below 6%. All 8 units are currently occupied by tenants and will make a great addition to any portfolio. Each individual unit offers 3 bedrooms, 2 bathrooms, a utility room, and 2 covered parking spots. Freshly painted with updated flooring, appliances, and fixtures. Easy freeway access and close to shopping and restaurants. Units 308 and 304 S Magnolia will be sold as a package deal and will not be separated. Other Unit MLS 20167762
Location
State TX
County Tarrant
Direction From I-35W S toward Waco,take W Rendon Crowley Rd and FM1187 Business/E Main St to S Magnolia St in Crowley, turn right onto W Rendon Crowley Rd, Slight right onto FM1187 Business/E Main St, at the traffic circle, continue straight to stay on FM1187 Business/E Main St, Turn left onto S Magnolia S.
Interior
Interior Features Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Open Floorplan
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Ceramic Tile, Laminate
Appliance Dishwasher, Disposal, Electric Range, Other
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch
Carport Spaces 8
Utilities Available City Sewer, City Water
Roof Type Composition
Parking Type Carport, Covered, No Garage, On Street, Open, Parking Lot, Other
Total Parking Spaces 8
Garage No
Building
Lot Description Interior Lot, Landscaped, Subdivision
Story Two
Foundation Slab
Structure Type Brick
Schools
School District Crowley Isd
Others
Ownership See Tax
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Cash
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Bought with Blessing Odimegwu • Classic Realty Group
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States