Address
1016 W Gandy Street, Denison, TX
Price
$ 589,000
Property Attributes
  • MLS#20588443
  • TypeMulti-Family
  • CountyGRAYSON
  • CityDenison
  • NeighborhoodMillers 1st Add
  • Zip75020
  • StyleQuadruplex
  • Year Built1920
  • Taxes$ 9129
  • Price$ 589,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms4
  • Lot Size0.172 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Multi family investment opportunity located in the heart of Denison, TX! One of only a few existing four-plex properties, this features four identical units, two up and two down. This property is stabilized and at full occupancy, ready for you to step in and take over. The interior has undergone a full cosmetic upgrade in recent years including paint, flooring, fixtures and appliances. Other upgrades include a new roof in 2021, all four units have had the HVAC units replaced and two units have had the water heaters replaced. The Landlord includes water, sewer, trash, and lawn care with the rent.

Elementary School
Terrell Elementary School
Price History
4/15/2024 Listed $589,000

General Features

Heating Central,Natural Gas
Complex Name 1016 W Gandy
Cooling Ceiling Fan(s),Central Air,Electric
Utilities Alley,Asphalt,Cable Available,City Sewer,City Water,Community Mailbox,Individual Gas Meter,Master Water Meter,Natural Gas Available,Overhead Utilities,Sidewalk
Possession Closing/Funding,Lease Outstanding,Subject to Lease
Roof Composition
Appliances Dishwasher,Disposal,Electric Range,Gas Water Heater,Microwave
School District Denison ISD
Capitalization Rate 9.10
Year Built 1920
Tenancy 9 Months or Less,Month to Month,No Smoking,No Sublease,No Waterbeds,Over 9 Months,Pet Restrictions
Levels Two
Unexempt Taxes 9129
Will Subdivide No
Gross Annual Expenses 5760.00
Property SubType Quadruplex
Subdivision Name Millers 1st Add
Occupant Type Tenant
County Grayson
Operating Expense Includes Gardener,Maintenance Grounds,Trash,Water/Sewer
Property Type Residential Income
Security Features Security Lights
Construction Materials Vinyl Siding
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions From Morton St head south on HWY 91 then head East on Gandy,Property will be on the South side of road
City Denison
Buyer Agent Compensation 2
Elementary School Name Terrell
High School Denison
Street Name Gandy
Elementary School Terrell
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20588443
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available
Flooring Carpet,Luxury Vinyl Plank
Occupancy Rate 100
Total Units 4
Unit Count 1
Full Baths 4
Half Baths 4
Lock Box Type None
Street Suffix Street
Total Bedrooms 8
Window Features Window Coverings

Exterior Features

Lot Size Source Public Records
Parking Features Alley Access,Common,Driveway,Gravel,Lighted,No Garage,On Site,On Street,Open,Outside,Parking Pad,Unassigned
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Lot Size Area 0.1720
Number Of Parking Spaces 10
Lot Size Units Acres
Building Area Total 4110.00
Lot Size Square Feet 7492.3200
Lot Size Acres 0.1720

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 75020

Price
AVG $330K
$590K
Taxes
AVG $4,748
$9,129
Visits
AVG 121
113
Data Provided by Inside Real Estate®
Year Built
AVG 1930
1920

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