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469-865-2527
Flex Group Real Estate
1210 Fm 667, Purdon, TX 76679
- $500,000
- 6
- BD
- 6
- BA
- List Price
- $500,000
- Status
- ACTIVE
- MLS#
- 21404163
- Bedrooms
- 6
- Bathrooms
- 6
- Lot Size
- 36,111
Property Description
Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth. Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer’s Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing.
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Additional Information
- Year Built
- 1967
- Parking Spaces
- 6
- Interior Features
- Open Floor Plan, Cable TV
- Roof
- Metal
- Appliances
- Dishwasher, Electric Range
- School District
- Blooming Grove Isd
- Elementary School
- Bloominggr
- High School
- Bloominggr
- Middle School
- Bloominggr
- Sewer
- Septic Tank
- Stories
- 1
- Street Name
- Fm 667
- Street Number
- 1210
- Acres
- 0.83
- County
- Navarro
- Foundation
- Slab
- Heating
- Heat Pump, Space Heater
Mortgage Calculator
Listing courtesy of Victor Lazcano from Eartha Wang. Contact: 214-695-5681
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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