Price Reduction
Address
106 S Davis Street, New Boston, TX
Price
$ 695,000
Property Attributes
- MLS#20552830
- TypeMulti-Family
- CountyBOWIE
- CityNew Boston
- Zip75570
- StyleMultiple Single Units
- Price$ 695,000
- Bedrooms10
- Full Bathrooms10
- Half Bathrooms0
- Lot Size0.745 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
INCOME PRODUCING! Don't miss your chance to enter the world of commercial apartments with this outstanding investment property in New Boston. This prime property boasts 10 units, making it an ideal venture for those looking to explore the world of commercial apartments. Four units offer a comfortable layout with 2 bedrooms and 1 bathroom, while the remaining six units boast a spacious 3-bedroom, 1-bathroom configuration. Each unit has been updated within the last three years. Currently, the units FULLY OCCUPIED, reflecting the desirability of the location and the well-maintained living spaces. Furthermore, all tenants are up to date on rent payments, providing a stable and reliable income stream for potential investors. Whether you're a seasoned investor or exploring the market forth first time, this opportunity offers the perfect blend of stability, modernity, and potential for growth. Seize the moment and make this prime property the cornerstone of your real estate portfolio!
| Elementary School |
|---|
| Crestview Elementary School |
| Price History | |
|---|---|
| 3/6/2024 | Listed $700,000 |
| 4/10/2024 | 1% - $695,000 |
General Features
| Heating | Other |
|---|---|
| Complex Name | None |
| Cooling | Central Air |
| Utilities | City Water |
| Possession | Closing/Funding |
| Roof | Metal |
| Appliances | Other |
| School District | New Boston ISD |
| Capitalization Rate | 11.63 |
| Year Built | 1970 |
| Levels | One |
| Will Subdivide | No |
| Gross Annual Expenses | 9180.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | None |
| Accessibility Features | Accessible Approach with Ramp |
| Insurance Expense | 4800 |
| Occupant Type | Tenant |
| County | Bowie |
| Operating Expense Includes | Insurance,Maintenance Grounds,Trash,Water/Sewer,Other |
| Property Type | Residential Income |
| Construction Materials | Wood |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 2 |
| Status | Active |
| Directions | From Hwy 98 R on SW Front st,R on Davis property is on the R. |
| City | New Boston |
| Buyer Agent Compensation | 2.5 |
| Elementary School Name | Crestview |
| High School | New Boston |
| Street Name | Davis |
| Elementary School | Crestview |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20552830 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Other |
|---|---|
| Flooring | Other |
| Total Units | 10 |
| Unit Count | 10 |
| Lock Box Type | None |
| Street Suffix | Street |
Exterior Features
| Parking Features | Concrete |
|---|---|
| Foundation | Slab |
| Lot Size Area | 0.7450 |
| Number Of Parking Spaces | 20 |
| Lot Size Units | Acres |
| Building Area Total | 8636.00 |
| Lot Size Square Feet | 32452.2000 |
| Lot Size Acres | 0.7450 |
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 75570
Price
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
