• Office Phone - 214.572.1400
  • Primary - 214.801.4417

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Listing provided courtesy of Drake Real Estate- MLS# 20965019MLS ProviderContact Information: Matthew Marshall - 903-581-3737

18747 FM 2493Flint, TX 75762

Multi-Family · 12,888 Sq. ft. | 2.07 Acres
$2,541,000 Active

18747 FM 2493 Overview

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The Shires - New 8 Unit Townhome Complex. Newly constructed and 100% occupied 8-unit townhome complex in Flint, Texas with value-add upside! Purchasers will have the opportunity to develop 20 more units on an additional 1.5 acres primed for vertical construction. Highlights: • Year 1 NOI: $125,268. • Additional land + infrastructure for developers. • Per Unit: 3 bedroom, 2 bathroom. ~ $1,896 rent per mo. ~ 1,400 SF. • 16 parking spots (2 per unit). • Modern interior finishes. Contact agent for OM.

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18747 FM 2493 Facts & Features

  • Type Multi-Family
  • Sq. ft. 12,888
  • Price/Sq.ft. $197
  • Lot 2.07 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Tyler ISD
  • Elementary School: Owens
  • Middle Or Junior School: Three Lakes
  • High School: Tyler Legacy

Income/Expenses

  • Gross Income: 181992.0
  • Insurance Expense: 16140.0
  • Net Operating Income: 125268.0
  • Operating Expense Includes: Insurance,Maintenance Grounds,Manager,Maintenance Structure,Maintenance,Other,Trash,Water/Sewer

Building Information

  • Year Built: 2023
  • Year Built Details: New Construction - Complete

Location/Region

  • Country: US
  • County Or Parish: Smith
  • Postal City: FLINT
  • Subdivision Name: HENRICHSON SUBD

General Information

  • Parcel Number: R144266
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 12888.0

General Information

  • Appliances: Dishwasher,Electric Range,Microwave,Refrigerator
  • Flooring: Concrete
  • Foundation Details: Slab
  • Interior Features: Kitchen Island
  • Levels: Two
  • Security Features: Smoke Detector(s),Security Lights
  • Stories: 2

Exterior

Parking Information

  • Parking Features: On Site,Off Street,Parking Lot
  • Parking Total: 16.0

Lot Information

  • Lot Size Acres: 2.068
  • Lot Size Area: 2.068
  • Lot Size Square Feet: 90082.08
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Building Exterior/Construction

  • Patio And Porch Features: Covered
  • Roof: Composition

General Information

  • Exterior Features: Lighting,Rain Gutters
  • Fencing: Wood
  • Number Of Units Total: 8
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 6

Unit 3 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

18747 FM 2493 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

18747 FM 2493 Market Data

Based on the last 30 days in this zip code

$541,546
Average List Price
$230
Average Price per Square Foot
8
Properties Sold
81
Average Days on Market
206
Properties for Sale
Calculations provided by Reliance Network


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