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$385,000

HUGE INVESTMENT POTENTIAL IN THE TOWN OF PARADISE. Here is your chance to own a large, 4 bedroom single-family home (currently a rental) with a large shop on prime development acreage just off of Highway 114. This property is offered separate from, or in addition to a large portfolio of nice rental properties located directly across the street on Ash. This home with the additional level and cleared acreage can be yours for a home-based business or to build multiple homes on-a family compound or simply for income properties. The current owner is a developer and has preliminary plans for fourplex townhomes that could be built on the acreage adjacent to the home and he is willing to share and even build these structures if a new owner desires. This is certainly not the only potential use of this property. House is large, but somewhat dated, and does have need of some deferred maintenance. Still, the corner access just off the highway and FM3259 will be conducive for easy access and a multitude of housing configurations. Come and see! If your client is looking for a large rental portfolio on the other side of the street to have in addition to this property, see 102 N Mesquite - MLS#21071514.

4 Beds ⋅ 2 Baths ⋅ 21072318 MLS

102 N Mesquite St, Paradise

$1,799,000

ENTIRE RENTAL PROPERTY PORTFOLIO OF MOSTLY NEW & UPDATED PROPERTIES WITH NEAR FULL OCCUPANCY OFFERED FOR SALE on Ash Street in Paradise, Texas. 5 separate structures consisting of: (1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation. This home has been taken down to the studs with much new (see Transaction Desk for list) and is currently ready for drywall! Paradise is one of Wise County's fastest growing towns and has widely sought after A-Rated schools. This portfolio has a fabulous cash flow and an alluring cap rate. Built and owned by a custom home builder, there are many tasteful details throughout - Granite countertops, hardwood and tile finishes, large walk-in closets, elegant lighting, fixtures and more. You must truly see to appreciate this great package. This portfolio MUST be sold together. Contact list agent for more details. Option exists for additional SFR and 1.959ac plus or minus directly across the street at 102 N. Mesquite St. (MLS#21072318). Plans already exist for multiple quadplexes in this location or a new owner can build to suit. Seller is a builder and developer and willing to bid or build anything a new owner's heart desires. It's hard to get a good return on your investment in today's economy. If you've wanted to get into rental real estate, this is a wonderful opportunity with LOADS of potential for growth in all the right directions! Full financials and all info can be fully furnished upon request. Drive link with many additional photos of all units available upon request.

20 Beds ⋅ 19 Baths ⋅ 21071514 MLS

114 Ash St, Paradise