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Mike Bowman

[email protected] +1(817) 328-2342

$2,600,000

Est. payment - /mo

16 Beds

16 Baths

7.93 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Wells Acres

MLS Listing ID 21289495

Bedrooms 16

Full Baths 16

HOA Y/N None

Total Fin. Sqft 9999

Year Built 2024

Lot Size 7.930 Acres

Acres 7.93

Property Sub-Type Quadruplex

Property Description

This exceptional multi-family investment opportunity offers a rare combination of stable income production, newer construction and additional land with future potential. The property consists of four fourplex buildings totaling 16 residential units. All units are currently leased on one-year lease agreements, providing immediate and consistent cash flow. Constructed between 2021 and 2026, the development features modern construction with quality materials and durable finishes for long term ownership and reduced maintenance. The property is serviced by an aerobic septic system. Each unit offers a spacious one-bedroom, one-bath floor plan with vaulted ceilings that create an open and inviting atmosphere. Select units feature beautiful vaulted wood ceilings, while others showcase distinctive vaulted tin ceilings, adding rustic-modern character and architectural appeal throughout the property. Built with durability and convenience in mind, units have stained concrete and tile flooring. Interior wood walls add warmth and charm, creating a custom feel that distinguishes these units from traditional apartment properties. Residents benefit from dedicated utility rooms with full-size washer and dryer connections. All units are equipped with seamless metal roofs for long-term durability and minimal maintenance requirements. Every unit includes a covered two-car carport with concrete parking beneath, while gravel drive access complements the property's rural setting and efficient layout. The additional 6.92 acres of grassland adds substantial value and flexibility to the investment, offering many additional opportunities or long-term land appreciation. Opportunity to buy with additional investment property MLS #21289453.

Location

State TX

County Johnson

Direction Use GPS

Interior

Interior Features Open Floorplan, Walk-In Closet(s)

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Ceramic Tile, Concrete

Appliance Electric Range, Microwave, Refrigerator

Heat Source Central, Electric

Exterior

Carport Spaces 15

Utilities Available Aerobic Septic, Co-op Electric, Co-op Water

Roof Type Metal

Total Parking Spaces 32

Garage No

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Middle Schools Tom And Nita Nichols

High Schools Joshua

School District Joshua Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Rebecca Smith • Dalton Wade, Inc.

Nearby School & Business

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Mike Bowman

+1(817) 328-2342

Broker | License ID: 0273938

Broker License ID: 0273938

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5256 County Road 803 Joshua, TX 76058

Mike Bowman

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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