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$1,999,500

Beds
32
Baths
21.0
sq ft
2,016

11638 Sam Reynolds Rd, Justin, TX 76247

11638 Sam Reynolds Rd

Justin, TX 76247

  • 121 days on market
A portfolio of nine income-producing properties located within 15 miles of each other is centrally situated in Justin (3), Ponder (2), and Rhome (4). All homes in the portfolio are 100% occupied by long-term tenants and generate a gross annual income of $181,560. All homes sit on 1+ acre lots and have been well-maintained, making these highly desirable rental units for any investor. This turn-key portfolio is an instant cash-flow opportunity in the high-growth area of Alliance, which straddles Denton and Tarrant counties. Alliance is one of the nation's premier business parks, offering a variety of work environments, including office, industrial, flex, and retail. Cash purchase, properties are not in the same neighborhood making it difficult for financing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Please be aware, tenants were not disturbed to obtain accurate room dimensions. PNL numbers are a 3-year average.

Details

Property type

Lot size

1.0 acres

Price per sq ft

$992

Year built

1993

Annual property taxes

$1,641

Price History

08/23/2024
NTREIS

NTREIS #20711016

Listed
$1,999,500
07/01/2024
NTREIS

NTREIS #20321553

Removed
12/21/2023
NTREIS

NTREIS #20321553

Removed

Schools & Community

Elementary school: 

Hatfield

Middle school: 

Pike

High school: 

Northwest

School district: 

Northwest 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

First Financial Bank Na

Loan start date

June 2023

Original loan amount

$990,000

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Commercial, 5 year

Seller

Ponder Enterprise Inc

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: 12/22/2024 at 5:45 PM

Listing updated: 11/20/2024 at 5:13 PM

Listed by: Bernardo Vallarino, Keller Williams Fort Worth Phone #: (817) 920-7770

MLS: NTREIS #20711016

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