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    1103 S Armstrong Avenue

    Denison, TX 75020
    • $750,000
    • STATUS: Active
    • ON SITE: 16 days
    • MLS #: 14469909
    UPDATED: 35 min ago
    $750,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1946
    County:

    School Ratings & Info

    Offered by Shawna Martinez of Texas Realty Exchange, Llc.

    Description

    Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!

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    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frankie Arthur Real Estate | Coldwell Banker Apex. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Frankie Arthur Real Estate | Coldwell Banker Apex are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-12-01T08:39:54.13.
    www.frankiearthur.com/homes/111882835
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    1103 S Armstrong Avenue Denison, TX 75020

    • Price: $750,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 14469909
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    1946
    Built
    Neighborhood:
    Dumas J P Add
    County:
    Grayson
    Area:
    Grayson County
    Property Description
    Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!
    Exterior Features

    Construction Materials Walls Cement Foundation Pier & Beam Freight Doors No Dock Parking Or Garage Common Lot Road Frontage Distance 150 Road Frontage Type AsphaltCityConcrete Roof Metal Waterfront YN No

    Interior Features

    Ceiling Height Other Commercial Features Other Flooring Vinyl Heating OtherWindow Unit Sq Ft Building 5786 Sq Ft Gross 10000 Sq Ft Leasable 0

    Property Features

    Average Monthly Lease 10370 Building Area Source Tax Building Use Other Commercial Zoning Commerc Construction Status Preowned Gross Annual Expenses 33156 Gross Annual Income 124440 Inclusions Other Income Expense Source Owner Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 91284 Owner Pays ElectricGasInsuranceMaintenanceTaxesWater/Sewer/Trash Possession Closing/Funding Property Type Com-Sale Proposed Financing Cash Special Notes Aerial Photo Tenant Pays Other Unexempt Taxes 3632 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frankie Arthur Real Estate | Coldwell Banker Apex. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Frankie Arthur Real Estate | Coldwell Banker Apex are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-12-01T08:39:54.13.
     
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    Frankie Arthur Real Estate | Coldwell Banker Apex
    3360 Long Prairie Road
    Flower Mound TX, 75022
    Offered by Shawna Martinez of Texas Realty Exchange, Llc.