UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,633 sqft
Price per Sqft $104
MLS Listing ID 613629
Style Traditional
Bedrooms 8
Full Baths 5
Construction Status Resale
HOA Y/N No
Year Built 1923
Lot Size 1.014 Acres
Acres 1.014
Property Sub-Type Single Family Residence
Property Description
Property Features – 3 Dwellings
• Dwelling 1: 816 sqft, 3 bed / 1 bath
• Dwelling 2: 704 sqft, 2 bed / 1 bath
• Dwelling 3: 1,113 sqft, 3 bed / 2 bath
All three units are currently rented with leases in place, making this a true turnkey cash-flowing asset for investors looking to park cash and generate immediate income.
Current rents:
• Dwelling 1: $950/mo
• Dwelling 2: $900/mo
• Dwelling 3: $1,100/mo
Total monthly income: $2,950/mo | Annual gross income: $35,400/year
At approximately $275,000 with a minimum 20% down conventional investment loan at 7% interest on a 30-year fixed rate, estimated principal and interest payment is approximately $1,465/mo before taxes and insurance.
This property offers an impressive approximately 12.9% gross cap rate with rents producing roughly double the estimated principal and interest payment, creating exceptional cash flow potential from day one.
Properties with 3 dwellings on 1 acre at this price are extremely hard to come by. Great opportunity for investors looking to expand their portfolio with an income-producing property.
Location
State TX
County Bell
Interior
Interior Features All Bedrooms Down, Other, See Remarks
Heating Multiple Heating Units
Cooling 3+ Units
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Other, See Remarks
Laundry Laundry in Utility Room, Laundry Room
Exterior
Exterior Feature None
Carport Spaces 2
Fence None
Pool None
Community Features None
Utilities Available High Speed Internet Available
View Y/N No
Water Access Desc Public
View None
Roof Type Composition,Shingle
Building
Story 1
Entry Level One
Foundation Pillar/Post/Pier
Sewer Aerobic Septic
Water Public
Architectural Style Traditional
Level or Stories One
Construction Status Resale
Schools
School District Temple Isd
Others
Tax ID 14821
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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