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    424 Alford Drive

    New Boston, TX 75570
    • $1,350,000
    • STATUS: Active
    • ON SITE: 57 days
    • ID#: 14447776
    UPDATED: 28 min ago
    $1,350,000
    • 2
      BEDS
    • 0.58
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1982
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Emmanuel Ikharebha of Coldwell Banker Realty.

    Description

    THIS PROPERTY IS A PORTFOLIO SALE WITH MLS #14447780 A diamond in the rough investment property in heart of New Boston. Pepper Tree apartments is a Value add investment opportunity that has consistently maintain over 95% occupancy and is minutes away from interstate 30 and major shopping. This 24 units two story complex consisting of two building was built in 1982. The property feature a all 24 two bedrooms recently renovated and each individually metered for electric with surface parking. Rental increases have not been made to keep up with the market rent and the property is currently self managed.

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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 Homes By Lainie Real Estate Group. 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 Homes By Lainie Real Estate Group 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 2020-12-04T18:40:56.657.
    www.homesbylainie.com/homes/110787847
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    424 Alford Drive New Boston, TX 75570

    • Price: $1,350,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: 14447776
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.58
    Acres
    1982
    Built
    Neighborhood:
    Alford Terrace 2nd Add
    County:
    Bowie
    Area:
    East Of Service
    Elementary School:
    Crestview
    Middle School:
    New Boston
    High School:
    New Boston
    School District:
    NEW BOSTON ISD
    Property Description
    THIS PROPERTY IS A PORTFOLIO SALE WITH MLS #14447780 A diamond in the rough investment property in heart of New Boston. Pepper Tree apartments is a Value add investment opportunity that has consistently maintain over 95% occupancy and is minutes away from interstate 30 and major shopping. This 24 units two story complex consisting of two building was built in 1982. The property feature a all 24 two bedrooms recently renovated and each individually metered for electric with surface parking. Rental increases have not been made to keep up with the market rent and the property is currently self managed.
    Exterior Features

    Construction SidingStuccoWood Foundation Slab Parking Or Garage Common LotUnassigned Spaces Parking Spaces 30 Pool On Property No Roof Composition

    Interior Features

    Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Cable Tv Available Kitchen Equipment DishwasherDisposalRange/Oven-ElectricRefrigerator Sq Ft Building 11336

    Property Features

    Building Area Source Tax Buildings 2 Complex Name Pepper Tree Apartmen Construction Status Preowned Gross Annual Expenses 62849 Gross Annual Income 173845 HOA None Insurance Expense 11000 Municipal Utility District No Net Annual Income 110996 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Unexempt Taxes 7939 Unit Count 1 Utilities City SewerCity WaterConcrete 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 Homes By Lainie Real Estate Group. 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 Homes By Lainie Real Estate Group 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 2020-12-04T18:40:56.657.
     
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    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Emmanuel Ikharebha of Coldwell Banker Realty.