Address
11638 Sam Reynolds Road, Justin, TX
Price
$ 2,100,000
Property Attributes
  • MLS#20321553
  • TypeMulti-Family
  • CountyDENTON
  • CityJustin
  • NeighborhoodSunflower Meadows
  • Zip76247
  • StyleMultiple Single Units
  • Year Built1993
  • Taxes$ 1641
  • Price$ 2,100,000
  • Bedrooms9
  • Full Bathrooms9
  • Half Bathrooms0
  • Lot Size1 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Portfolio of nine income-producing properties located within 15 miles of each other centrally situated in Justin (3), Ponder (2) and Rhome (4). All homes in the portfolio are 100% occupied by long-term tenants and it generates a gross annual income of $155,520! All homes sit on 1+ acre lots and have been well maintained making these highly desirable rental units for any investor. This turn-key portfolio is an instant cash-flow opportunity situated in the high growth area of Alliance straddling Denton and Tarrant counties. Alliance is one of the nation's premier business parks, offering a variety of work environments, including office, industrial, flex and retail. All information provided is deemed reliable, but is not guaranteed and should be independently verified. Please be aware, tenants were not disturbed to obtain accurate room dimensions. PNL numbers are a 3yr average.

Elementary School
Hatfield Elementary School
Price History
5/5/2023 Listed $2,100,000

General Features

Heating Electric
Complex Name NA
Cooling Electric
Utilities Septic,Other
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Electric Range
School District Northwest ISD
Capitalization Rate 6.63
Year Built 1993
Levels One
Unexempt Taxes 1641
Will Subdivide No
Gross Annual Expenses 16324.00
Property SubType Multiple Single Units
Subdivision Name Sunflower Meadows
Insurance Expense 5717
County Denton
Property Type Residential Income
Construction Materials Other
Year Built Details Preowned
HOA Type None
# of Buildings 9
Status Active
Directions Please rely on map or GPS for location of each one of the units.
City Justin
Buyer Agent Compensation 15
Elementary School Name Hatfield
High School Northwest
Street Name Sam Reynolds
Elementary School Hatfield
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20321553
Standard Status Active
Buyer Agent Compensation Type $

Interior Features

Interior Features Other
Flooring Combination
Occupancy Rate 100
Total Units 9
Unit Count 9
Lock Box Type None
Street Suffix Road

Exterior Features

Parking Features Outside,Other
Lot Size 1 to < 3 Acres
Foundation Other
Lot Size Area 1.0000
Lot Size Units Acres
Building Area Total 2016.00
Lot Size Square Feet 43560.0000
Lot Size Acres 1.0000

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 76247

Price
AVG $2.1M
$2.1M
Taxes
AVG $1,641
$1,641
Visits
AVG 186
186
Data Provided by Inside Real Estate®
Year Built
AVG 1993
1993

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