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BACK 40 REALTY
7544 N Us Highway 69th Hwy, Alba, TX 75410
- $500,000
- 2,016
- SqFt
- List Price
- $500,000
- Status
- ACTIVE
- MLS#
- 21397839
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 2000
- Living Area
- 2,016
- Lot Size
- 404,803
- Acres
- 9.29
- Subdivision
- NONE
- Building Name
- N/A
Property Description
INVESTMENT AND INCOME OPPORTUNITY ON HWY 69! Owner financing available! This versatile property offers multiple existing rental income streams along with excellent potential for future expansion. The property currently features three occupied studio units, each offering 1 bedroom, 1 bathroom, and heating and cooling, with current rents of $600, $650, and $700 per month. A separate 3 bedroom, 2 bathroom home is also currently rented for $1,600 per month, bringing total existing rental income to approximately $3,550 per month. Adding even more opportunity, an additional structure on the property could potentially be finished out for another residential rental, office, business, or other income-producing use. Pre-existing utility infrastructure provides a valuable head start for expanding the property with additional units and increasing future rental income. With established tenants, multiple income-producing units, Highway 69 frontage, and room to grow, this property presents an exciting opportunity for investors looking to acquire an existing rental operation with additional value-add potential. Continue operating the current rentals while exploring expansion, additional residential units, or commercial possibilities to maximize the property's income potential.
Additional Information
- Interior Features
- Other
- Flooring
- Other
- Heating
- Fireplace
- Air Conditioning
- Window/Wall
- Stories
- 2
- Levels
- Two
- Roof
- Metal
- Foundation
- Pillar/Post/Pier
- Parking Features
- Carport, Gravel
- Garage Spaces
- 1
- School District
- Alba-Golden Isd
- Elementary School
- Albagolden
- Middle School
- Albagolden
- High School
- Albagolden
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Listing courtesy of Alex Chapa from Marksman Management, Real Estate & Auction. Contact: 214-676-5053
Listings 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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