131-139 Houston St, Italy, TX 76651
- $735,000
- 12
- BD
- 8
- BA
- 5,000
- SqFt
- List Price
- $735,000
- MLS#
- 21343744
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 2020
- Construction Status
- Preowned
- Bedrooms
- 12
- Full Baths
- 8
- Acres
- 0.57
- Living Area
- 5,000
- County
- Ellis
- City
- Italy
- Subdivision
- E D Harrsion
Property Description
Turnkey 4-unit multi-family built in 2020 — two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities — every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.
Additional Information
- Unexempt Taxes
- $16,252
- Lot Size
- 24,785
- Acres
- 0.57
- Interior Features
- Decorative Designer Lighting Fixtures, Eat-In Kitchen, Kitchen Island, Open Floor Plan
- Flooring
- Carpet, Laminate
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Parking Garage
- Driveway, Shared Driveway
- School District
- Italy Isd
- Elementary School
- Stafford
- Middle School
- Italy
- High School
- Italy
- Possession
- CloseOfEscrow
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Listing courtesy of Neil Clements from Keller Williams Realty. Contact: 972-533-8201
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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