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$900,000 For Sale

244 W McFarland Street
Bells, TX 75414

16 units | Multi Family Home
0.972 acres - MLS# 13902506
Property Photo
1/21

Description

100% Occupancy with waiting list. Rents are rising. Four buildings with central building with updated laundry machines, etc. New Roof coming soon. Sought-after Bells ISD lines them up wanting this building. Each unit is 3 bedrooms, 1 bathroom with LR, dining, and kitchen. All but two units have updated flooring, most with updated appliances and updated bathrooms. Each unit has 5x10 storage units (one per two buildings) and owner has one large storage unit per storage building (easy for maintenance storage). Great CAP rate, hard to find proven mult-family building.

Features

  • # of Parking Spaces: 32
  • Accessory Unit YN: Yes
  • Area: GRAYSON AREA (37), BELLS (3)
  • Baths: 1
  • Bedrooms: 3
  • Building Area Source: Tax
  • Complex Name: Panther Place Apart
  • Construction Materials: Brick, Siding, Vinyl Siding
  • County/Area: Grayson County
  • Elementary School: Bells
  • Flooring: Ceramic Tile, Laminate, Vinyl
  • Foundation Details: Slab
  • Full Baths: 1
  • Gross Annual Expenses: 19008
  • Gross Annual Income: 133440
  • Heating: Central Air-Elec, Central Heat-Elec
  • High School: Bells
  • Insurance Expense: 11000
  • Interior Features: Bay Windows
  • Listing Status: Active
  • Lot Features: Adjacent To Greenbelt
  • Lot Number: 17
  • Lot Size: 0.9720
  • Lot Size Area SQFT: 42340.32
  • Lot Size Units: Acres
  • Middle School: Pritchard
  • Net Annual Income: 103432
  • Number Of Buildings: 5
  • Occupancy Rate: 100
  • Other Equipment: Dishwasher, Disposal, Range/Oven-Electric, Refrigerator
  • Parking Features: Front
  • Parking Spaces: 32
  • Property Type: Multi Family Home
  • Roofing: Composition
  • School District: Bells ISD
  • SQFT Building: 15424
  • Stories: 2
  • Sub Type: Fourplex
  • Subdivision: Bailey Junction
  • Subdivision/Neighborhood: Bailey Junction
  • Unit Count: 1
  • Units: 16
  • Utilities: All Weather Road, Asphalt, City Sewer, City Water
  • Year Built: 1996
  • Year Built Details: Preowned
  • Zip Code: 75414

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