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    8601 Highway 199 Highway

    Lakeside, TX 76135
    • $2,500,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: 14437376
    $2,500,000
    • 9
      BEDS
    • 5.6
      ACRES
    • 10
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Information

    Elementary School:
    High School:
    School District:
    Offered by Kristopher Franks of Franks Realty International.

    Description

    Calling All Value Add Investors! Priced to Sell! What an opportunity to own and manage a beautiful piece of property situated right off of Hwy 199 with around 400 feet of highway frontage!Minutes to Fort Worth! Get Ready, this property includes NINE INCOME PRODUCING FULLY LEASED residential units, 32 mini storage units 60% occupied, a 4000 square foot warehouse (vacant), and Fort Worth's former iconic Vance Godbey's restaurant with over 12000 square feet of dining,banquet rooms and tremendous commercial kitchens(now leasing). Around 2.5 acres of 199 frontage comprising large paved lot and beautiful landscaping. Soaring pole sign included. Pro-Forma annual income is close to 300K. Partial Owner Finance Possible!

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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 2020-11-29T23:39:17.28.
    www.homesbylainie.com/homes/110179169
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    8601 Highway 199 Highway Lakeside, TX 76135

    • Price: $2,500,000
    • Status: Active
    • ID#: 14437376
    9
    Beds
    10
    Baths
    0
    ½ Baths
    5.6
    Acres
    1963
    Built
    Neighborhood:
    J Wilcox Surv Abs 1716
    County:
    Tarrant
    Area:
    FW NW(Eagle Mt.Lk/Riv.Oaks/Azle
    Elementary School:
    Eagleheigh
    High School:
    Azle
    School District:
    Azle ISD
    Property Description
    Calling All Value Add Investors! Priced to Sell! What an opportunity to own and manage a beautiful piece of property situated right off of Hwy 199 with around 400 feet of highway frontage!Minutes to Fort Worth! Get Ready, this property includes NINE INCOME PRODUCING FULLY LEASED residential units, 32 mini storage units 60% occupied, a 4000 square foot warehouse (vacant), and Fort Worth's former iconic Vance Godbey's restaurant with over 12000 square feet of dining,banquet rooms and tremendous commercial kitchens(now leasing). Around 2.5 acres of 199 frontage comprising large paved lot and beautiful landscaping. Soaring pole sign included. Pro-Forma annual income is close to 300K. Partial Owner Finance Possible!
    Exterior Features

    Construction BlockBrickConcreteFrame/Brick TrimGlassMetalRock/StoneSteelWood Exterior Features BalconyCovered Porch(Es)DeckStorage Building Foundation Pier & BeamSlab Lake Name Eagle Mountain Lot Description AcreageAdjacent To GreenbeltLandscapedLrg. Backyard GrassSome TreesWater/Lake View Parking Or Garage Assigned GarageAttachedCommon LotGarage Parking Spaces 50 Pool On Property No Roof CompositionMetalOther Waterfront YN No

    Interior Features

    Fireplace Features StoneWood Burning Fireplaces 1 Flooring Brick/AdobeCeramic TileConcreteLaminateOtherVinylWood Handicap YN No Heating Additional Water Heater(S)Central Air-ElecCentral Heat-Gas Interior Features Cable Tv AvailableDecorative LightingHigh Speed Internet AvailableWainscotingWindow Coverings Kitchen Equipment Cooktop - ElectricDishwasherOven-ElectricRange/Oven-Electric Sq Ft Building 10200

    Property Features

    Alarm Or Security Type Exterior Security Light(S) Building Area Source Owner Buildings 4 Complex Name Godbey Villas Construction Status Preowned Gross Annual Expenses 81500 Gross Annual Income 268800 HOA None Insurance Expense 7500 Junior High School Azle Municipal Utility District No Net Annual Income 187300 Occupancy Rate 100 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Proposed Financing CashConventionalOwner Carry FirstOwner Carry Second Tenancy Month To MonthOver 9 MonthsPet Restrictions Unexempt Taxes 27000 Unit Count 9 Utilities Master Gas MeterOverhead UtilitiesPrivate SewerPrivate WaterSepticWell 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 2020-11-29T23:39:17.28.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14437376-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14437376-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14437376-2.jpg
    Logo
    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Kristopher Franks of Franks Realty International.