503 Morris St, Terrell, TX 75160
- $550,000
- 8
- BD
- 8
- BA
- List Price
- $550,000
- MLS#
- 20899506
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1972
- Construction Status
- Preowned
- Bedrooms
- 8
- Full Baths
- 6
- Half Baths
- 2
- Acres
- 0.20
- County
- Kaufman
- City
- Terrell
- Subdivision
- Terrell Rev
- Building Name
- Morris Apartment
Property Description
4plex for sale in Terrell, Tx! $4,520 in gross monthly rents + 300 in water bill-backs equals 4,820 in total gross monthly income with room to increase on upcoming renewals. All 2 bed units. Unit 1 lease end date is 6-27-25, Unit 2 lease end date 7-31-25, Unit 3 lease end date 3-31-26, Unit 4 lease end date 6-30-25. Spacious living areas greet you upon entry. Flows seamlessly into your L-shaped Kitchen with plenty of storage and c-top space! Both Bedrooms are a good size! Electric is separately metered and paid by tenants. Water is one meter and paid by owner. Water bill-backs in place to help off-set this cost.
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Additional Information
- Unexempt Taxes
- $6,043
- Lot Size
- 8,537
- Acres
- 0.20
- 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