Address
11015 W Interstate Highway 30, Cumby, TX
Price
$ 1,850,000
Property Attributes
  • MLS#20525164
  • TypeMulti-Family
  • CountyHOPKINS
  • CityCumby
  • NeighborhoodJonas Hailey Surv Abs #464
  • Zip75433
  • StyleApartment
  • Year Built1997
  • Taxes$ 7596
  • Price$ 1,850,000
  • Bedrooms10
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size29.139 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Discover this great investment opportunity with a fully remodeled 6-unit complex on 30 acres with Interstate 30 frontage, just an hour northeast of Dallas. This property offers expansion potential for additional residential units, industrial, or retail spaces. Each unit, remodeled less than a year ago, is fully occupied and comes with warranties on the work. Additionally, there's a 3000 square foot large shop with its own entrance off a State Highway, perfect for business operations or leasing. The complex also has a laundry room with paid machines for additional Cash income. This investment opportunity combines modern living spaces with vast land for growth, making it a unique and lucrative venture in a rapidly developing area. (Square footage is believed to be wrong)

Elementary School
Cumby Elementary School
Price History
2/16/2024 Listed $1,850,000

General Features

Heating Central
Complex Name Cumby
Cooling Central Air
Utilities Cable Available,Electricity Available,Overhead Utilities,Sewer Available
Possession Closing/Funding
Roof Shingle
Appliances Dishwasher,Electric Range
School District Cumby ISD
Capitalization Rate 3.04
Year Built 1997
Tenancy Over 9 Months
Levels One
Unexempt Taxes 7596
Will Subdivide Subdivided
Gross Annual Expenses 8933.00
Property SubType Apartment
Subdivision Name Jonas Hailey Surv Abs #464
Insurance Expense 3000
County Hopkins
Property Type Residential Income
Construction Materials Siding
Year Built Details Preowned
HOA Type None
# of Buildings 2
Status Active
Directions Property is located on the E HWY 30 Service Road between FM 275 and FM 275 S
City Cumby
Buyer Agent Compensation 2.5
Elementary School Name Cumby
High School Cumby
Street Name Interstate Highway 30
Elementary School Cumby
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20525164
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Flat Screen Wiring,Other
Flooring Luxury Vinyl Plank
Total Units 6
Unit Count 1
Full Baths 6
Lock Box Type None
Total Bedrooms 10

Exterior Features

Lot Size Source Assessor
Parking Features On Site
Lot Size 10 to < 50 Acres
Foundation Slab
Lot Size Area 29.1390
Number Of Parking Spaces 12
Lot Size Units Acres
Building Area Total 3644.00
Lot Size Square Feet 1269294.8400
Lot Size Acres 29.1390
Patio And Porch Features Awning(s)

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 75433

Price
AVG $1.08M
$1.85M
Taxes
AVG $4,712
$7,596
Visits
AVG 73
55
Data Provided by Inside Real Estate®
Year Built
AVG 2006
1997

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