505 Morris St, Terrell, TX 75160
- $450,000
- 4
- BD
- 4
- BA
- List Price
- $450,000
- MLS#
- 20899550
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1983
- Construction Status
- Preowned
- Bedrooms
- 4
- Full Baths
- 4
- Acres
- 0.07
- County
- Kaufman
- City
- Terrell
- Subdivision
- Terrell Rev
- Building Name
- Morris Apartment
Property Description
4plex for sale in Terrell, Tx! All 1 bed 1 bath 600 sq. ft units. $3,950 in monthly gross rents + $165 in monthly water bill-backs equals $4,115 in gross monthly income. Unit 5 lease end date 8-31-25, Unit 6 lease end date 7-31-25, Unit 7 lease end date 6-30-25, Unit 8 lease end date 6-30-25. Electricity is separately metered and paid by the tenants. Water is one meter and paid by the owner. Water bill-backs in place to help off-set that cost. Spacious living area greets you upon arrival. Flows into your functional galley Kitchen with ample storage and c-top space! Rare oppourtunity to purchase a 100% occupied duplex at this price-point.
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Additional Information
- Unexempt Taxes
- $5,156
- Lot Size
- 3,005
- Acres
- 0.07
- Interior Features
- High Speed Internet, Other, Cable TV
- Flooring
- Other
- Foundation
- Other
- Roof
- Composition
- Stories
- 2
- Pool Features
- None
- Parking Garage
- On Site, Parking Lot
- School District
- Terrell Isd
- Middle School
- Furlough
- High School
- Terrell
- Possession
- CloseOfEscrow, SubjectToTenantRights
- Possession
- CloseOfEscrow, SubjectToTenantRights
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Listing courtesy of Will Clark from OmniKey Realty, LLC.. Contact: 972-480-8280