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402 E Ash Street

Decatur, TX 76234
  • $550,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 20513357
$550,000
  • 6
    BEDS
  • 0.42
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2009
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Jeanie Cline of AirSpace: 817-394-3906.

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.

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© 2024 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 Team Ford Realtors. 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 Team Ford Realtors 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 2024-04-03T23:43:32.373.
www.teamforddfw.com/homes/146790979
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402 E Ash Street Decatur, TX 76234

  • Price: $550,000
  • Status: Active
  • On Site: 86 Days
  • MLS #: 20513357
6
Beds
4
Baths
2
½ Baths
0.42
Acres
2009
Built
Neighborhood:
Proctor Add
County:
Wise
Area:
Decatur
Elementary School:
Rann
High School:
Decatur
School District:
DECATUR ISD
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.
Exterior Features

Carport Spaces 0 Construction Siding Covered Spaces 4 Exterior Features Covered Patio/Porch Foundation Slab Lot Description Corner Lot Parking Or Garage Garage Single DoorDriveway Parking Spaces 6 Pool On Property No Roof Composition Waterfront YN No

Interior Features

Appliances DishwasherDisposalElectric OvenElectric Range Attached Garage Yes Basement No Cooling Central Air Fireplaces 0 Flooring CarpetLaminate Garage Yes Garage Length 1 Garage Width 1 Handicap YN No Heating Central Interior Features Cable TV AvailableHigh Speed Internet Available

Property Features

Accessory Unit YN No Building Area Source Appraiser Building Area Total 2588.00 Complex Name Duplex Construction Status Preowned Exclusions Tenant personal itemsincluding washersdryers & refrigerators. Gross Annual Expenses 7544.00 Gross Annual Income 40800.00 HOA None Horse Permitted No Insurance Expense 3079 Levels One List MLSProvider Metrotex Association Of Realtors Listing Terms 1031 ExchangeCashConventionalOwner Will Carry Municipal Utility District No Net Operation Income 30177 Operating Expense Includes Maintenance Grounds Possession Closing/Funding Property Type Duplex Senior Community No Tenancy 6 Months or LessMonth to Month Unexempt Taxes 6984 Utilities AsphaltCity SewerCity Water Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 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 Team Ford Realtors. 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 Team Ford Realtors 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 2024-04-03T23:43:32.373.
 
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Team Ford Realtors
700 Central Exp, Suite 400
Allen TX, 75013
Offered by Jeanie Cline of AirSpace: 817-394-3906.