Seller Financing
Address
402 E Ash Street, Decatur, TX
Price
$ 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 | https://www.propertypanorama.com/instaview/ntreis/20513357 |
| 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 |
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 76234
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
