• Office Phone - 214.572.1400
  • Primary - 214.801.4417

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Listing provided courtesy of Buy Wise Real Estate- MLS# 21071514MLS ProviderContact Information: Shari Guess - 940-399-3900

114 Ash StreetParadise, TX 76073

Multi-Family · 20 Beds · 17 Full Baths · 2 Half Baths · 9,999 Sq. ft. | 1.58 Acres
$1,995,000 Active

114 Ash Street Overview

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ENTIRE RENTAL PROPERTY PORTFOLIO OF MOSTLY NEW & UPDATED PROPERTIES WITH NEAR FULL OCCUPANCY OFFERED FOR SALE on Ash Street in Paradise, Texas. 5 separate structures consisting of: (1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation. This home has been taken down to the studs with much new (see Transaction Desk for list) and is currently ready for drywall! Paradise is one of Wise County's fastest growing towns and has widely sought after A-Rated schools. This portfolio has a fabulous cash flow and an alluring cap rate. Built and owned by a custom home builder, there are many tasteful details throughout - Granite countertops, hardwood and tile finishes, large walk-in closets, elegant lighting, fixtures and more. You must truly see to appreciate this great package. This portfolio MUST be sold together. Contact list agent for more details. Option exists for additional SFR and 1.959ac plus or minus directly across the street at 102 N. Mesquite St. (MLS#21072318). Plans already exist for multiple quadplexes in this location or a new owner can build to suit. Seller is a builder and developer and willing to bid or build anything a new owner's heart desires. It's hard to get a good return on your investment in today's economy. If you've wanted to get into rental real estate, this is a wonderful opportunity with LOADS of potential for growth in all the right directions! Full financials and all info can be fully furnished upon request. Drive link with many additional photos of all units available upon request.

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114 Ash Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 9,999
  • Price/Sq.ft. $200
  • Lot 1.58 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Paradise ISD
  • Elementary School: Paradise
  • Middle Or Junior School: Paradise
  • High School: Paradise

Income/Expenses

  • Gross Income: 179940.0
  • Insurance Expense: 11648.0
  • Net Operating Income: 55658.0
  • Operating Expense Includes: Maintenance,Other

Building Information

  • Year Built: 2020
  • Year Built Details: Preowned

Business Information

  • Business Type: Build to Suit

Location/Region

  • Country: US
  • County Or Parish: Wise
  • Postal City: PARADISE
  • Subdivision Name: Original Town Paradise

Tax Information

  • Tax Annual Amount: 13177.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange,See Agent
  • Parcel Number: 770803
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Parking Information

  • Garage Spaces: 8.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 17
  • Bathrooms Half: 2
  • Bathrooms Total: 19
  • Bedrooms Total: 20

Building Interior

  • Building Area Source: Appraiser
  • Building Area Total: 9999.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal,Microwave,Refrigerator,Tankless Water Heater
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Ceramic Tile,Luxury Vinyl Plank,Painted/Stained
  • Foundation Details: Pillar/Post/Pier,Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,Eat-in Kitchen,Granite Counters,High Speed Internet,Kitchen Island,Open Floorplan,Pantry,Walk-In Closet(s)
  • Levels: One
  • Living Area: 9999.0
  • Security Features: Smoke Detector(s)
  • Stories: 1
  • Window Features: Bay Window(s),Window Coverings

Exterior

Parking Information

  • Parking Features: Attached Carport,Assigned,Asphalt,Covered,Carport,Driveway,Garage Faces Front,Kitchen Level
  • Parking Total: 16.0

Lot Information

  • Lot Features: Acreage,Agricultural,Back Yard,Cleared,Backs to Greenbelt/Park,Interior Lot,Lawn,Landscaped,Level,Other
  • Lot Size Acres: 1.58
  • Lot Size Area: 1.58
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 68824.8
  • Lot Size Units: Acres
  • Number Of Buildings: 5
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Board & Batten Siding,Fiber Cement
  • Patio And Porch Features: Covered
  • Roof: Composition

General Information

  • Carport Spaces: 4.0
  • Carport: Yes
  • Covered Spaces: 12.0
  • Exterior Features: Other,Rain Gutters
  • Fencing: Back Yard,Cross Fenced,Fenced,Privacy,Wood
  • Number Of Units Total: 8
  • Pool Features: None
  • Road Frontage Type: All Weather Road
  • Sewer: Aerobic Septic
  • Utilities: Electricity Available,Electricity Connected,Other,Septic Available,See Remarks,Water Available

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.

114 Ash Street 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.

114 Ash Street Market Data

Based on the last 30 days in this zip code

$609,880
Average List Price
$261
Average Price per Square Foot
8
Properties Sold
289
Average Days on Market
98
Properties for Sale
Calculations provided by Reliance Network


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