1210 FM 667, Purdon, TX 76679
1210 FM 667, Purdon, TX 76679
1210 FM 667, Purdon, TX 76679
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$ 500,000
Est. payment | /mo

6 Beds

6 Baths

0.83 Acres Lot


Save
$ 500,000
Est. payment | /mo
Save

6 Beds

6 Baths

0.83 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 21404163

Bedrooms 6

Full Baths 6

HOA Y/N None

Total Fin. Sqft 1800

Year Built 1967

Lot Size 0.829 Acres

Acres 0.829

Property Sub-Type Apartment

Property Description

Income-producing 6-unit investment property on approximately 0.829 acres in Purdon. Property consists of five 1-bedroom 1-bath units plus one efficiency unit, with each unit renovated within the last three years. Five units feature mini-split HVAC systems, while the efficiency includes a window unit and is being offered fully furnished. Tenants are separately metered for electricity, helping keep owner-paid expenses low. Septic system has been routinely serviced and cleaned. Current gross income is approximately $64,200 annually with reported NOI of approximately $49,820. Property offers additional upside through the potential addition of an on-site laundry facility and future RV pad development; seller reports soft approval for additional RV pads, buyer to independently verify all development potential and approvals. Strong opportunity for an investor seeking existing cash flow with room for further income growth.

Information contained herein is deemed reliable but not guaranteed. Buyer and Buyer's Agent are responsible for independently verifying all information, including but not limited to measurements, square footage, schools, zoning, utilities, taxes, financials, leases, income and expenses, property condition, permitted uses, and any future development or expansion potential. Buyer to conduct all desired due diligence prior to closing.

Location

State TX

County Navarro

Direction Coordinates are : 31.963053866086312, -96.68711322671683 Type 1210 FM667, Purdon, TX 76679 Exactly like that into google maps, there must be no space between FM667

Interior

Interior Features Cable TV Available, Open Floorplan

Heating Heat Pump, Space Heater

Cooling Electric, Heat Pump, Multi Units, Wall/Window Unit(s)

Flooring Carpet, Vinyl

Appliance Dishwasher, Electric Range

Heat Source Heat Pump, Space Heater

Exterior

Utilities Available Aerobic Septic, Electricity Available, Individual Water Meter

Roof Type Metal

Garage No

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Siding

Schools

Elementary Schools Bloominggr

High Schools Bloominggr

School District Blooming Grove Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Victor Lazcano • Eartha Wang

Schools and Properties Nearby

Tiffany Lundy

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1210 FM 667