Address
311 W Franklin Street, Alvord, TX
Price
$ 499,000
Property Attributes
- MLS#20488145
- TypeMulti-Family
- CountyWISE
- CityAlvord
- NeighborhoodOriginal Alvord
- Zip76225
- StyleDuplex
- Year Built1941
- Taxes$ 2532
- Price$ 499,000
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Lot Size0.321 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Welcome to this versatile income producing property with a rich history. Located in Alvord, TX., this property offers an incredible opportunity for entrepreneurs and business owners seeking a great location for their venture. The apartments feature A cozy 2 bed, 1 bath unit with a contemporary kitchen, spacious living area, and well-appointed bedrooms, and the larger 3 bed 2 bath unit has an updated kitchen. Currently, both units are leased out, generating a steady stream of income, and an excellent opportunity to build equity and wealth. Also, formerly a successful hair salon, the layout of the commercial space is adaptable for various business types. It is situated in a high-traffic area, ensuring maximum visibility and foot traffic. Whether it's a salon, boutique, or office space, this property is ready to accommodate your vision.
| Elementary School |
|---|
| Alvord Elementary School |
| Price History | |
|---|---|
| 12/8/2023 | Listed $499,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | NA |
| Cooling | Central Air,Electric,Multi Units |
| Utilities | All Weather Road,City Sewer,City Water |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Dishwasher |
| School District | Alvord ISD |
| Capitalization Rate | 6.34 |
| Year Built | 1941 |
| Levels | One |
| Unexempt Taxes | 2532 |
| Will Subdivide | Subdivided |
| Gross Annual Expenses | 0.00 |
| Property SubType | Duplex |
| Subdivision Name | Original Alvord |
| Occupant Type | Tenant |
| County | Wise |
| Property Type | Residential Income |
| Construction Materials | Siding |
| Association Fee Frequency | Other |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 1 |
| Status | Active |
| Directions | MAPS Friendly |
| City | Alvord |
| Buyer Agent Compensation | 3% |
| Elementary School Name | Alvord |
| High School | Alvord |
| Street Name | Franklin |
| Elementary School | Alvord |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20488145 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Built-in Features,Decorative Lighting,Other |
|---|---|
| Flooring | Ceramic Tile |
| Total Units | 3 |
| Unit Count | 1 |
| Lock Box Type | Combo |
| Street Suffix | Street |
Exterior Features
| Parking Features | Open,Parking Pad,Unpaved |
|---|---|
| Lot Size | Less Than .5 Acre (not Zero) |
| Foundation | Slab |
| Lot Size Area | 0.3210 |
| Number Of Parking Spaces | 2 |
| Lot Size Units | Acres |
| Building Area Total | 2432.00 |
| Lot Size Square Feet | 13982.7600 |
| Lot Size Acres | 0.3210 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76225
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
