Address
106 S Davis Street, New Boston, TX
Price
$ 695,000
Property Attributes
  • MLS#20552830
  • TypeMulti-Family
  • CountyBOWIE
  • CityNew Boston
  • Zip75570
  • StyleMultiple Single Units
  • Price$ 695,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Lot Size0.745 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

INCOME PRODUCING! Don't miss your chance to enter the world of commercial apartments with this outstanding investment property in New Boston. This prime property boasts 10 units, making it an ideal venture for those looking to explore the world of commercial apartments. Four units offer a comfortable layout with 2 bedrooms and 1 bathroom, while the remaining six units boast a spacious 3-bedroom, 1-bathroom configuration. Each unit has been updated within the last three years. Currently, the units FULLY OCCUPIED, reflecting the desirability of the location and the well-maintained living spaces. Furthermore, all tenants are up to date on rent payments, providing a stable and reliable income stream for potential investors. Whether you're a seasoned investor or exploring the market forth first time, this opportunity offers the perfect blend of stability, modernity, and potential for growth. Seize the moment and make this prime property the cornerstone of your real estate portfolio!

Elementary School
Crestview Elementary School
Price History
3/6/2024 Listed $700,000
4/10/2024 1% - $695,000

General Features

Heating Other
Complex Name None
Cooling Central Air
Utilities City Water
Possession Closing/Funding
Roof Metal
Appliances Other
School District New Boston ISD
Capitalization Rate 11.63
Year Built 1970
Levels One
Will Subdivide No
Gross Annual Expenses 9180.00
Property SubType Multiple Single Units
Subdivision Name None
Accessibility Features Accessible Approach with Ramp
Insurance Expense 4800
Occupant Type Tenant
County Bowie
Operating Expense Includes Insurance,Maintenance Grounds,Trash,Water/Sewer,Other
Property Type Residential Income
Construction Materials Wood
Year Built Details Preowned
HOA Type None
# of Buildings 2
Status Active
Directions From Hwy 98 R on SW Front st,R on Davis property is on the R.
City New Boston
Buyer Agent Compensation 2.5
Elementary School Name Crestview
High School New Boston
Street Name Davis
Elementary School Crestview
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20552830
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Other
Flooring Other
Total Units 10
Unit Count 10
Lock Box Type None
Street Suffix Street

Exterior Features

Parking Features Concrete
Foundation Slab
Lot Size Area 0.7450
Number Of Parking Spaces 20
Lot Size Units Acres
Building Area Total 8636.00
Lot Size Square Feet 32452.2000
Lot Size Acres 0.7450

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 75570

Price
AVG $700K
$700K
Visits
AVG 101
107
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1970

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