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bedrooms
bedrooms
8
bathrooms
bathrooms
8
square feet
square feet
0
acreage
Acreage
0.148
open houses
Open Houses
-
year built
year built
1940
full baths
Full Baths
8
half baths
Half Baths
0
Investment Opportunity! 8-Plex Rental Property with Huge Potential! This 8-unit rental property is an incredible opportunity to add value and build long-term wealth. This is sold together with a 5-unit complex at 405 Stoner Ave that is priced separately at $150,000, totaling 13 Units for a sales price of $400,000. These multi-unit buildings are ready for completion to maximize their income potential. Some remodeling has already been started, but additional work is needed to bring these properties to full market potential. The 8 Plex has an estimated $100,000 in renovations needed, bringing the total investment to $350,000 and could yield a market value of approximately $450,000. Once fully rented, this 8 unit property has a potential annual revenue of $62,400. The 5 Plex has an estimated $75,000 in renovations needed, bringing the total investment of it to $225,000 and could yield a market value of approximately $300,000. Once fully rented, the 5 unit property has a potential annual revenue of $39,000. All together the sales price is $400,000 for 13 units, with $175,000 of estimated renovations needed, bringing the total investment of it to $575,000 yielding a potential market value of approximately $750,000. Once fully rented the 13 units have the potential annual revenue of $101,400 -A great return on investment! Whether you're a seasoned investor or looking to start your real estate portfolio, this is a rare chance to secure multi-unit rentals with built-in equity. Don’t miss out!
Location
Subdivision Homesville Sub
County Caddo
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 20839242
Listing agent: Christopher Holloway #0912122915
Listing broker: Pinnacle Realty Advisors (318) 347-3332
Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, April 22 2025 at 2:29 p.m. EDT
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