tomo logo

$1,800,000

Beds
10
Baths
6.0
sq ft
3,644

11015 W Interstate Highway 30, Cumby, TX 75433

11015 W Interstate Highway 30

Cumby, TX 75433

  • 311 days on market
    • Price drop $50,000↓
Discover this great investment opportunity with a fully remodeled 6-unit complex on 30 acres with Interstate 30 frontage, just an hour northeast of Dallas. This property offers expansion potential for additional residential units, industrial, or retail spaces. Each unit, remodeled less than a year ago, is fully occupied and comes with warranties on the work. Additionally, there's a 3000 square foot large shop with its own entrance off a State Highway, perfect for business operations or leasing. The complex also has a laundry room with paid machines for additional Cash income. This investment opportunity combines modern living spaces with vast land for growth, making it a unique and lucrative venture in a rapidly developing area. (Square footage is believed to be wrong)

Details

Property type

Apartment

Lot size

29.139 acres

Price per sq ft

$494

Year built

1997

Annual property taxes

$7,596

Price History

06/22/2024
NTREIS

NTREIS #20525164

Price change
$1,800,000
-2.7%
02/16/2024
NTREIS

NTREIS #20525164

Listed
$1,850,000
01/31/2024
NTREIS

NTREIS #20490182

Removed

Schools & Community

Elementary school: 

Cumby

Middle school: 

Cumby

High school: 

Cumby

School district: 

Cumby ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Altra Fcu

Loan start date

March 2016

Original loan amount

$139,500

Est. remaining balance

Not provided

Interest rate

3.72%

Loan type

Commercial

Seller

Dell H Tilley Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 8:25 PM

Listing updated: 06/22/2024 at 8:34 AM

Listed by: Ashley Hammons, AT Home Texas Real Estate Phone #: (903) 454-2824

MLS: NTREIS #20525164

NTREIS logo

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