200 N Hickory Hill Road, Royse City, Texas 75189

$4,656,600
48
BD
List Price
$4,656,600
Price Change
▲ $2,499,000 1616634004
MLS#
14539502
Status
ACTIVE
Type
Multifamily
Year Built
1986
Construction Status
Preowned
Bedrooms
48
Full Baths
20
Acres
1.522
County
Rockwall
Area
ROCKWALL COUNTY (34)
City
Royse City
Subdivision
Mccasland
Building Name
Hickory Hills

Property Description

Whether an Investor wanting to add to an existing portfolio to generate a high return on investment and make passive income or a Developer looking to restructure the integrity of the property. Whatever the case may be, these Apartment Complexes can make dreams into reality. Six, two-story Complexes with some two beds and others one bed rooms introduces a profitable gain from the sheer number of available units. Imagine the income stream from this asset as rents are being generated from the current rate. Owner offers Lease to Purchase

Additional Information

Unexempt Taxes
$6,598
HOA
No HOA
Gross Annual Expenses
40000
Gross Annual Income
60000
Lot Size
66,298
Acres
1.522
Lot Description
Acreage
Subdivided
No
Interior Features
Cable TV Available, Multiple Staircases, Other, Wet Bar
Foundation
Other, Slab
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Air-Gas, Central Heat-Elec, Central Heat-Gas
Exterior
Other
Construction Material
Brick, Other, Wood
Parking Garage
Common Lot, On Street, Open, Other, Other Parking/Garage
Total Num Parking
25
School District
Royse City Isd
Elementary School
Davis
Middle School
Royse City
High School
Royse City
Proposed Financing
Cash, Contact Agent, Conventional, FHA, FHA-203K, Fixed, FMHA, Lease Purchase, Other, Owner Carry First, Texas Vet, VA
Building Sq. Ft.
3112
Number of bldgs.
6
Number of units
24
Tenancy
6 Months or Less, 9 Months or Less, Government Subsidized, Lease while on Market, Month to Month, Other, Written Application Only
Possession
Closing/Funding, Negotiable, Other, Specific Date
Cap Rate
0.43

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty LLC.