$549,000
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10 Beds
4 Baths
2.24 Acres Lot
SOLD DATE : 11/17/2023
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Samuel Mcfadgin Sur A-651
MLS Listing ID 20390573
Sold Date 11/17/23
Bedrooms 10
Full Baths 4
HOA Y/N None
Total Fin. Sqft 4600
Year Built 1999
Lot Size 2.245 Acres
Acres 2.245
Property Description
Drastic price improvement to demonstrate Seller's motivation to close by year-end. Remodeled Four-Plex sitting on 2.245 acres on the outskirts of Royse City. Four apartments, two 2-1 & two 3-1 units, ranging from approximately 1,000-1,300 SF. The parking lot was surfaced and all 4 units were fully renovated in 2022-2023. Great current cash flow opportunity. One unit vacant and listed for lease - this unit could be owner-occupied to allow for FHA financing. This Four-plex is unlike any other in the area, being one of the few multi-family options for residents in the growing Royse City & Union Valley areas. With no major competitors, this creates high demand in this growing area. Located within close proximity to several major retailers & entertainment venues, conveniently located between Rockwall, Greenville, Royse City & Terrell with easy commute to Dallas. Quality building with homey, country living feel. DO NOT DISTURB TENANTS! DO NO ENTER PROPERTY WITHOUT APPROVAL OF LISTING AGENT.
Location
State TX
County Hunt
Direction Take I-30 W to I-30 Frontage Rd in Rockwall. Take exit 70 from I-30 E Take Corporate Crossing to TX-276 E Turn left onto TX-276 E Turn left onto Co Rd 2586 just east of intersection at FM 548 Destination will be immediately on the right
Interior
Interior Features Open Floorplan
Heating Electric
Cooling Electric
Flooring Ceramic Tile, Laminate
Appliance Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Heat Source Electric
Exterior
Exterior Feature Covered Patio/Porch
Fence Other
Utilities Available All Weather Road, Co-op Electric, Co-op Water, Electricity Connected, Individual Water Meter, Outside City Limits, Septic, No City Services
Roof Type Metal
Parking Type Asphalt, On Site, Parking Lot
Garage No
Building
Lot Description Acreage, Cleared, Level
Story Two
Foundation Slab
Level or Stories Two
Structure Type Metal Siding,Unknown,Other
Schools
Elementary Schools Cannon
Middle Schools Thompson
High Schools Ford
School District Quinlan Isd
Others
Ownership See Tax Roll
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other
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Bought with Christopher Pryor • JPAR - Rockwall
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States