Seller Financing
402 E Ash Street, Decatur, TX
$ 550,000
Property Attributes
  • MLS#20513357
  • TypeMulti-Family
  • CountyWISE
  • CityDecatur
  • NeighborhoodProctor Add
  • Zip76234
  • StyleDuplex
  • Year Built2009
  • Taxes$ 6984
  • Price$ 550,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms2
  • Lot Size0.415 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Impressive 2-story duplex that looks & feels like a townhome! 100% Leased & income producing, this property is an exceptional investment property! Situated on a corner lot, each unit's front of home, garage & driveway, are located on opposite sides of building, creating uber-privacy and is highly desirable for tenants. Property was built in 2009, is well insulated, & well maintained. Both units are 3 bed, 2.1 bath & 2-car garage, with a spacious layout of 1,294sf. Located in the flourishing town of Decatur, just 35 miles north of Ft. Worth & 24 miles west of Denton. Decatur is known for its small-town charm & big-box, city conveniences. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rentals to keep up with the population growth. This investment property has a very bright income-producing future! This listing is for 1 duplex building, with 2 units. Seller has two more duplexes for sale: MLS #20513400, 20513584.

Elementary School
Rann Elementary School
Price History
1/20/2024 Listed $550,000

General Features

Heating Central
Complex Name Duplex
Cooling Central Air
Utilities Asphalt,City Sewer,City Water
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Disposal,Electric Oven,Electric Range
Number of Garage Spaces 4
School District Decatur ISD
Capitalization Rate 5.49
Exclusions Tenant personal items,including washers,dryers & refrigerators.
Year Built 2009
Tenancy 6 Months or Less,Month to Month
Levels One
Unexempt Taxes 6984
Will Subdivide No
Gross Annual Expenses 7544.00
Property SubType Duplex
Subdivision Name Proctor Add
Insurance Expense 3079
Occupant Type Tenant
County Wise
Operating Expense Includes Maintenance Grounds
Property Type Residential Income
Construction Materials Siding
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions Take Hwy 287 N for 39 miles to Bus Hwy 287 - Bus US-81,in Wise County. Exit Bus Hwy 287 N,in Decatur. Stay on Bus Hwy 287 N. Turn right on Miller St. Turn right on Ash St. Property is on right.
City Decatur
Buyer Agent Compensation 2
Elementary School Name Rann
High School Decatur
Street Name Ash
Elementary School Rann
Virtual Tour URL Unbranded
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available,High Speed Internet Available
Flooring Carpet,Laminate
Occupancy Rate 100
Total Units 2
Unit Count 1
Full Baths 4
Half Baths 2
Lock Box Type None
Street Suffix Street
Total Bedrooms 6

Exterior Features

Exterior Features Covered Patio/Porch
Lot Features Corner Lot
Garage Length 1
Garage Width 1
Parking Features Garage Single Door,Driveway
Lot Size Less Than .5 Acre (not Zero)
Covered Spaces 4
Foundation Slab
Lot Size Area 0.4150
Number Of Parking Spaces 6
Lot Size Units Acres
Building Area Total 2588.00
Garage Y/N Yes
Lot Size Square Feet 18077.4000
Lot Size Acres 0.4150
Attached Garage Y/N Yes


  • 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 76234

AVG $570K
AVG $6,029
AVG 222
Data Provided by Inside Real Estate®
Year Built
AVG 2007

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