Thank you
Sam Scarborough
Scarborough Commercial Real LL
903-570-7366
7-unit multi-family located in a highly desirable area. Built in 1930, this property retains its historic appeal while boasting modern updates. Extensive updates were made in 2021 and 2022, ensuring contemporary amenities and functionality. A new roof was installed in 2023. This property is ideal for investors seeking steady rental income in a thriving rental market. Demonstrates consistent occupancy rates and rental income, appealing to investors seeking a reliable investment opportunity. It is positioned in a rapidly developing area, with a 10+ Cap Rate, and offering potential for future property value appreciation.
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Decorative Lighting,Eat-in Kitchen
Electric Range,Other
City Sewer,City Water
Ceiling Fan(s),Central Air,Electric,Window Unit(s)
Central,Electric
Number of Fireplaces: 0
Built Year: 1930
Building Area Total: 3,400
Construction: Frame,Wood
Roof Type: Composition
Pillar/Post/Pier
Frame,Wood
Lot Size (Acr): 0.2530
Lot Size Units: Acres
Lot Size Square Feet: 11020.6800
Lot Size Source: Assessor
Lot Features: Cleared
Property Type: Residential Income
Property Sub Type: Multiple Single Units
Subdivision: Rainey
City: Marshall
State: Texas
Directions: In Marshall, from W. Grande Ave, North on N. Grove St., Right on East Ave., Left on Esplanade St., property is on the Right.
Property Status: Active
Levels: Two
Property Age: 94
Year Built Details: Preowned
Original List Price: $390,000
Possession: Closing/Funding
Parcel Number: R000006956
Tax Block: 14
Tax Legal Description: ACRES: 0.253, LOT: 1, BLK: 14, SUBD: RAINEY,
Tax Lot: 1
Unexempt Taxes: $802
Parking: 7
Parking Features: On Site
HOA Type: None
Elementary School: Moore
High School: Marshall
Junior High School: Marshall
School District: Marshall ISD
Utilities: City Sewer,City Water
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1407 Madam Queen Street , Marshall, TX,75670 | $66,999 | 3 | 1 | 1,352 | 42340 Sqft |
Fm 449 Lot 441 , Marshall, TX,75670 | $39,999 | -- | -- | -- | 43560 Sqft |
Everitt Road , Marshall, TX,75670 | $68,999 | -- | -- | -- | 87120 Sqft |
203 N Bishop Street , Marshall, TX,75670 | $56,999 | 3 | 1.5 | 1,050 | 18295 Sqft |
1609 W Elysian Fields A.., Marshall, TX,75670 | $34,900 | -- | -- | -- | 0.352 Acre |
2704 Norwood Street, Marshall, TX,75670 | $182,500 | 3 | 3 | 1,564 | 1.79 Acres |
1001 W Pinecrest Dr, Marshall, TX,75670 | $345,000 | 3 | 3 | 4,077 | 1.88 Acres |
1201 E Washington Pl, Marshall, TX,75670 | $187,500 | 3 | 2 | 1,662 | -- |
1901 N Franklin Street, Marshall, TX,75670 | $285,000 | 4 | 2 | 2,128 | 0.331 Acre |
LOT 1 Carter Road, Marshall, TX,75670 | $160,641 | -- | -- | -- | 17.849 Acres |
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 2024. All rights reserved
ByOwner last updated this listing 04/28/2024 @ 02:28
MLS: 437119519
LISTED BY: Sam Scarborough, Scarborough Commercial Real LL
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.