This is an interesting property with tons of potential and possibilities. First off there are 7 tiny homes of which 5 are 1 bedroom and 1 bath and 2 are 2 bedrooms with 1 bath. 5 are completely finished and just need to be cleaned up and maybe some minor repairs. 1 unit needs appliances and trim work to be finished, and the last unit is just a shell and needs a buildout inside to be complete. These units are perfect for short term rentals, long term rentals, or fully furnished units for personnel coming in on 3-6 month contracts. 1 bedroom units could easily get $500-700 per month each while 2 bedroom units could $700-850 per month each. That's a total of $3900-5200 per month in rents. PLUS there is plenty of room to add an additional 5-9 units for additional revenue. Next door is the old rock church and it has over 10,000 square feet of space. The building has a good roof and solid rock exterior, but is need of updates and repairs. This space has endless possibilities!!
Property Type :
Residential Income
Subdivision :
Ritz Carlton Residences 1
County :
Brown
Style :
Residential Income
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ByOwner last updated this listing 05/02/2024 @ 17:57
MLS: 435992676
LISTED BY: Justin Riggan, KWSynergy
SOURCE: NTREIS - North Texas Real Estate Information
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
