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1505 N Bus 287

Decatur, TX 76234
  • $400,000
  • STATUS: Active
  • ON SITE: 89 Days
  • MLS #: 20513400
$400,000
  • 4
    BEDS
  • 0.37
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2008
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Jeanie Cline of AirSpace: 817-394-3906.

Description

Seller will carry 1st, for qualified buyers. 100% Leased, income producing full duplex in the flourishing town of Decatur. Located 35 min north of Ft. Worth & 30 min west of Denton, Decatur is known for its small-town charm & city conveniences. Duplex built in 2008, well insulated & well maintained. Each unit is 2 bed, 1 bath spacious layout of 908sf, covered porches & expansive (unfenced) yards. Duplex sits side-by-side with a similar duplex that is also for sale. MLS#20513584. Large concrete driveway, with generous parking area services both duplex buildings. 1505 on left. 1509 on right. Seller would prefer to sell both duplex buildings to same buyer. This listing is for 1 duplex building, with 2 units. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rental homes to keep up with population growth. This investment property has a very bright income-producing future! Seller will replace roof prior to closing.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cottage & Co Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Cottage & Co Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-03T23:43:32.373.
www.cottagecorealty.com/homes/146790980
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1505 N Bus 287 Decatur, TX 76234

  • Price: $400,000
  • Status: Active
  • On Site: 89 Days
  • MLS #: 20513400
4
Beds
2
Baths
0
½ Baths
0.37
Acres
2008
Built
Neighborhood:
Two Spence Place
County:
Wise
Area:
Decatur
Elementary School:
Young
High School:
Decatur
School District:
DECATUR ISD
Property Description
Seller will carry 1st, for qualified buyers. 100% Leased, income producing full duplex in the flourishing town of Decatur. Located 35 min north of Ft. Worth & 30 min west of Denton, Decatur is known for its small-town charm & city conveniences. Duplex built in 2008, well insulated & well maintained. Each unit is 2 bed, 1 bath spacious layout of 908sf, covered porches & expansive (unfenced) yards. Duplex sits side-by-side with a similar duplex that is also for sale. MLS#20513584. Large concrete driveway, with generous parking area services both duplex buildings. 1505 on left. 1509 on right. Seller would prefer to sell both duplex buildings to same buyer. This listing is for 1 duplex building, with 2 units. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rental homes to keep up with population growth. This investment property has a very bright income-producing future! Seller will replace roof prior to closing.
Exterior Features

Construction Siding Exterior Features Covered Patio/Porch Fencing None Foundation Slab Lot Size Source Appraiser Parking Or Garage DrivewayOversized Parking Spaces 4 Pool On Property No Roof Composition Waterfront YN No

Interior Features

Appliances DishwasherDisposalElectric Range Attached Garage No Cooling Central Air Flooring CarpetLaminate Garage No Handicap YN No Heating Central Interior Features Cable TV AvailableHigh Speed Internet Available

Property Features

Accessory Unit YN No Building Area Source Appraiser Building Area Total 1808.00 Complex Name Duplex Construction Status Preowned Exclusions Tenant personal itemsincluding all washersdryers & fridges. Gross Annual Expenses 6220.00 Gross Annual Income 29460.00 HOA None Insurance Expense 2504 Levels One List MLSProvider Metrotex Association Of Realtors Listing Terms 1031 ExchangeCashConventionalOwner Will Carry Municipal Utility District No Net Operation Income 20736 Operating Expense Includes Maintenance Grounds Possession Closing/Funding Property Type Duplex Senior Community No Tenancy 9 Months or Less Unexempt Taxes 5660 Utilities AsphaltCity SewerCity Water Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cottage & Co Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Cottage & Co Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-03T23:43:32.373.
 
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Cottage & Co Realty
4964 Burger Rd
Aubrey TX, 76227
Offered by Jeanie Cline of AirSpace: 817-394-3906.