Price Reduction
Address
2183 E Cherry Street, Paris, TX
Price
$ 1,890,000
Property Attributes
  • MLS#20477572
  • TypeMulti-Family
  • CountyLAMAR
  • CityParis
  • NeighborhoodCity Of Paris
  • Zip75460
  • StyleApartment
  • Year Built1978
  • Taxes$ 16213
  • Price$ 1,890,000
  • Bedrooms34
  • Full Bathrooms34
  • Half Bathrooms0
  • Lot Size0.963 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

This 34 unit complex in Paris was recently updated. All units are one bedroom. On-site laundry room also generates income. Occupancy rate of 94% over the past year. HVAC units in close to half of the units have been updated and as tenants have moved out a few units have been remodeled.

Elementary School
Aiken Elementary School
Price History
11/21/2023 Listed $1,990,000
4/2/2024 6% - $1,890,000

General Features

Heating Central
Complex Name 2183 Cherry
Cooling Ceiling Fan(s),Central Air
Utilities City Sewer,City Water,Electricity Connected
Possession Closing/Funding
Roof Metal
Appliances Electric Range,Microwave,Refrigerator
School District Paris ISD
Capitalization Rate 10.32
Year Built 1978
Community Features Laundry
Levels One
Unexempt Taxes 16213
Will Subdivide No
Gross Annual Expenses 51900.00
Property SubType Apartment
Subdivision Name City Of Paris
Insurance Expense 7400
Occupant Type Tenant
County Lamar
Operating Expense Includes Insurance,Trash,Water/Sewer
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
Accessory Unit Type Other
Accessory Unit YN Yes
HOA Type None
# of Buildings 4
Status Active
Directions GPS Accurate
City Paris
Buyer Agent Compensation 3
Elementary School Name Aiken
High School Paris
Street Name Cherry
Elementary School Aiken
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20477572
Standard Status Active
Junior High School Travis
Buyer Agent Compensation Type %

Interior Features

Interior Features Other
Flooring Luxury Vinyl Plank
Occupancy Rate 94
Total Units 34
Unit Count 1
Full Baths 1
Lock Box Type See Remarks
Street Suffix Street
Total Bedrooms 1

Exterior Features

Lot Size Source Public Records
Parking Features Open
Lot Size .5 to < 1 Acre
Foundation Slab
Lot Size Area 0.9630
Number Of Parking Spaces 34
Lot Size Units Acres
Building Area Total 15023.00
Lot Size Square Feet 41948.2800
Lot Size Acres 0.9630

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 75460

Price
AVG $1M
$1.89M
Taxes
AVG $16,213
$16,213
Visits
AVG 69
119
Data Provided by Inside Real Estate®
Year Built
AVG 1988
1978
Walkscore
AVG 43
43
Data Provided by Walkscore® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.