7544 N US HIGHWAY 69 Highway, Alba, TX 75410
7544 N US HIGHWAY 69 Highway, Alba, TX 75410
7544 N US HIGHWAY 69 Highway, Alba, TX 75410
7544 N US HIGHWAY 69 Highway, Alba, TX 75410
7544 N US HIGHWAY 69 Highway, Alba, TX 75410
7544 N US HIGHWAY 69 Highway, Alba, TX 75410
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Morine Empire Realty & Associates

Morine Empire Realty & Associates

+1(469) 629-9910
$ 500,000
Est. payment | /mo

2,016 SqFt


$ 500,000
Est. payment | /mo

2,016 SqFt

Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

MLS Listing ID 21397839

HOA Y/N None

Total Fin. Sqft 2016

Year Built 2000

Lot Size 9.293 Acres

Acres 9.293

Property Sub-Type Multiple Single Units

Property Description

INVESTMENT AND INCOME OPPORTUNITY ON HWY 69! Owner financing available! This versatile property offers multiple existing rental income streams along with excellent potential for future expansion. The property currently features three occupied studio units, each offering 1 bedroom, 1 bathroom, and heating and cooling, with current rents of $600, $650, and $700 per month. A separate 3 bedroom, 2 bathroom home is also currently rented for $1,600 per month, bringing total existing rental income to approximately $3,550 per month.

Adding even more opportunity, an additional structure on the property could potentially be finished out for another residential rental, office, business, or other income-producing use. Pre-existing utility infrastructure provides a valuable head start for expanding the property with additional units and increasing future rental income.

With established tenants, multiple income-producing units, Highway 69 frontage, and room to grow, this property presents an exciting opportunity for investors looking to acquire an existing rental operation with additional value-add potential. Continue operating the current rentals while exploring expansion, additional residential units, or commercial possibilities to maximize the property's income potential.

Location

State TX

County Wood

Direction From Alba, travel north on US Highway 69. Continue north on Hwy 69 approximately 5 miles. Property will be located on the left.

Interior

Interior Features Other

Heating Fireplace(s)

Cooling Window Unit(s)

Flooring Other

Appliance Other

Heat Source Fireplace(s)

Exterior

Garage Spaces 1.0

Fence Barbed Wire

Utilities Available Aerobic Septic, Natural Gas Available

Roof Type Metal

Accessibility Accessible Approach with Ramp

Total Parking Spaces 1

Garage Yes

Building

Lot Description Acreage, Many Trees, Tank/ Pond

Story Two

Foundation Pillar/Post/Pier

Level or Stories Two

Structure Type Brick,Other

Schools

Elementary Schools Albagolden

Middle Schools Albagolden

High Schools Albagolden

School District Alba-Golden Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Owner Will Carry, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, Owner Will Carry, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21397839

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Alex Chapa • Marksman Management, Real Estate & Auction
Nearby Locations
Morine Empire Realty & Associates

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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7544 N US HIGHWAY 69 Highway