12362 County Road 331a, Terrell, Texas 75161

$625,000
7
BD
4
BA
List Price
$625,000
MLS#
20607271
Status
ACTIVE
Type
Multifamily
Year Built
1980
Construction Status
Preowned
Bedrooms
7
Full Baths
4
Acres
2.43
County
Kaufman
City
Terrell
Subdivision
Ables Spgs West
Building Name
NONE

Property Description

3 HOMES on 2.43 Acres 1 Price -Experience having a full service Covered RV Area, barn, enormous SHOP with full Guest Quarters, and 3 HOMES included on the privacy of your acreage. This sprawling multi family or income producing property on 2.43-acres in Able Springs is a rare find. The MOST OUTSTANDING detail of this magnificent property includes a 1500 sq.ft. guest house retreat! The total property has 4500 sq.ft. overall. Guest House has a fully-equipped Kitchen, BR, 2 BA, Bar and PEACE AND Quiet. This spacious living is perfect for kids, parents, or guests including a full bath, bedroom and kitchen. Inside the main house, observe a step down living room with fireplace, den, 3 BR and an abundance of natural light. 2nd home is a darling 750 sf and currently producing income with tenant, see PNL on Transaction desk. #rd Home is Manufactured Home tenant occupied and income producing by 1 resident for over 18 years. DOCS AND PNL ARE IN MLS. NO HOA. INCOME PRODUCING OR MULTI GENERATIONAL.

Additional Information

Unexempt Taxes
$3,019
HOA
No HOA
Amenities
Fireplace
Annual Insurance
4040
Gross Annual Expenses
10000
Gross Annual Income
70200
Lot Size
105,850
Acres
2.43
Lot Description
Acreage
Subdivided
Subdivided
Interior Features
Other
Flooring
Combination
Foundation
Combination
Roof
Composition
Fireplaces
1
Fireplace Type
Propane
Street Utilities
Aerobic Septic, All Weather Road
Heating Cooling
Central
Construction Material
Board & Batten Siding, Frame, Metal Siding, Vinyl Siding, Wood
Garage Spaces
1
Carport Spaces
2
Parking Garage
Additional Parking, Attached Carport, Boat, Carport, Garage, RV Access/Parking, RV Carport, Storage, Workshop in Garage
Total Num Parking
15
School District
Terrell Isd
Elementary School
Kennedy
Middle School
Furlough
High School
Terrell
Possession
Closing/Funding, Negotiable, Specific Date
Building Sq. Ft.
5132
Number of bldgs.
4
Number of units
4
Possession
Closing/Funding, Negotiable, Specific Date
Cap Rate
8.99

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kim Johnson from RE/MAX Four Corners. Contact: 972-396-9100