Turnkey 4-unit multi-family built in 2020 two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.
| MLS # | 21343744 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 25 |
| Listing Provided By | Keller Williams Realty | Neil Clements |
| Bed(s) | 12 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 5,000 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.57 |
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Interior Features | Decorative Lighting, Eat-in Kitchen, Kitchen Island, Open Floorplan |
| Appliances | Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave |
| Roof | Composition |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Slab |
| Garage Yn | 0 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Driveway, Shared Driveway |
| Utilities | City Sewer, City Water |
|---|
| Unexempt Taxes | 16252 |
|---|---|
| Tax Legal Description | 512 E D HARRISON 0.569 ACRES |
| State | TX |
|---|---|
| County | Ellis |
| City | Italy |
| Zip Code | 76651 |
| Area | Ellis |
| Community Name | E D Harrsion |
| School District | Italy ISD |
| Elementary School | Stafford |
| High School | Italy |
| Listing VS Median (in E D Harrsion) | |
Price: $735,000 low | high Med: $735,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $147 low | high Med: $147 On site: 25 low | high Med: 25 | |
| State | TX |
|---|---|
| County | Ellis |
| City | Italy |
| Zip Code | 76651 |
| Area | Ellis |
| Community Name | E D Harrsion |
| School District | Italy ISD |
| Elementary School | Stafford |
| High School | Italy |
| Listing VS Median (in E D Harrsion) | |
Price: $735,000 low | high Med: $735,000 sqft: 5,000 low | high Med: 5,000 $ / sqft: $147 low | high Med: $147 On site: 25 low | high Med: 25 | |