Description
Get 5.5% fixed rate, 30-year financing with seller's preferred lender!
appraisal completed in fall of 2024 came in at $585,000.
own a fully occupied, cash flowing 4-plex built in 1996 in great condition. current lease rates are about 10% under market. one lease is currently month-to-month and the other leases end november 30, 2025, february 28, 2026 and april 30, 2026. this allows rents to be fully to market rate in less than a year. existing property management is available for 2-years at a 6% monthly management fee. see attached proformas for both current rents and market rents.
second 4-plex next door is available. see listing for 205 joyce street, listing 20939954.
Property Type
Residential IncomeCounty
ParkerStyle
Residential IncomeAD ID
49800344
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 8
Bathroom Information
- Total Baths: 4
- Full Baths: 4
Interior Features
- Built-in Features
Appliances
- Dishwasher,Electric Range,Electric Water Heater
Utilities
- Septic,Well
Cooling Features
- Central Air,Electric
Heating Source
- Electric
-
Exterior Features
Building Information
- Built Year: 1996
- Building Area Total: 3,992
- Construction: Brick
- Roof Type: Composition
Foundation
- Slab
Construction Materials
- Brick
-
Property / Lot Details
Lot Information
- Lot Size (Acr): 0.5160
- Lot Size Units: Acres
- Lot Size Square Feet: 22476.9600
- Lot Size Source: Public Records
Property Information
- Property Type: Residential Income
- Property Sub Type: Quadruplex
- Subdivision: Lucas Add
- City: Weatherford
- State: Texas
- Directions: [Google Maps seems to be accurate.] Take 171 (Main Street) north from Hwy 180. Make a right on Lucas and another right on Joyce Street. The 4-plex is the 3rd building on the left.
- Property Status: Active
-
Listing Information
Listing Price Information
- Original List Price: $535,000
Listing Information
- Possession: Closing/Funding
-
Taxes / Assessments
Tax Information
- Parcel Number: R000128293
- Tax Block: 3
- Tax Legal Description: LOT: 4 BLK: 3 SUBD: LUCAS 2ND
- Tax Lot: 4
- Unexempt Taxes: $6,240
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Garage Space: 0
- Parking: 8
- Parking Features: Additional Parking
Homeowners Association Information
- HOA Type: None
-
School, Utilities & Location Details
School Information
- Elementary School: Seguin
- Middle School: Tison
- High School: Weatherford
- School District: Weatherford ISD
Utility Information
- Utilities: Septic,Well
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
BuyOwner last updated this listing 06/14/2025 @ 04:39
- MLS: 455492436
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: NTREIS - North Texas Real Estate Information
is a Home, with 8 bedrooms which is for sale, it has 0 sqft, 1 sized lot, and 0 parking. are nearby neighborhoods.