$265,000
For Sale
12 beds | 6 baths | 0.22 acres | #20842686
Browse 20 photos
Type:Multi-Family
Structure:House
Zone:Residential

Description

INVESTOR SPECIAL in Merkel, Texas - 5 home package to be sold as is. 202 Cherry, 407 Orange, 212 Orange, 205 Rose, and 507 Oak. Four of the five properties are currently leased. Total of $3,300 income per month with current tenants. Per seller: 507 Oak has had the same tenant for over 10 years, no updates. 407 Orange is vacant, has been leveled but no other work done on it. The other three properties have had some cosmetic work, varies by property, and are all tenant occupied. 205 Rose just signed a 12-month lease. The other three occupied homes are on month to month. Square footage listed is the sum total of all five units. Lot size, age, and SF of each unit varies, see Exhibit A uploaded with listing for details on each property. Buyer and buyer's agent is to verify all measurement's, taxes, school district, and other information regarding the property.

  • Property Details
      • InteriorHigh Speed Internet Available
      • FoundationPillar/Post/Pier, Slab
      • Utility FeaturesCity Sewer, City Water
      • Property SubtypeMultiple Single Units
      • Property TypeMulti-Family
      • School DistrictMerkel ISD
      • MLS #20842686
      • MLS #20842686
      • Acres0.2200
      • SubdivisionVaries
      • Elementary SchoolMerkel
      • CountyTaylor
      • Cost265000
      • Year Built1934
      • Bedrooms12
      • Bathrooms6
      • Full Baths6

Location

Phil HillReal Estate Group

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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