Com-sale

0.69 Acre - 1103 Armstrong, Denison, Grayson, Texas, United States 75020

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Property Description

Apartment complex is currently under complete renovations for each of the 18 units. Unit #15 renovation started Oct. 19. When that unit is completed, the renovation will be 75% completed. This percentage includes paint and new windows. Once ALL renovations are completed, the yearly gross rental income should be close to $140k with rental increases and new leases. The apartments include 14 studios, 3 one-bedrooms, 1 two-bedroom. Units 8-10 all have leases that end in either January or February 2021. The rest are month to month that have been there for over 5 years and pay by the 3rd of each month like clockwork. Great investment! See transaction desk for potential income breakdown and more information!

Basic Details
Property Type : Com-sale
Listing Type : For sale
Price : $750,000
Year Built : 1946
Acres : 0.69 Acre
Sq Ft Total : 0
Features
Heating System : Other, Window unit
Address Map
State : TX
County : Grayson
City : Denison
Zipcode : 75020
Street : Armstrong
Street Number : 1103
Floor Number : 0
Longitude : W97° 27' 11''
Latitude : N33° 44' 42.5''
MLS Addon
List Agent Full Name : Shawna Martinez
List Office Name : Texas Realty Exchange, LLC
Building Use : Other
Commercial Features : Other
Foundation Details : Pier & Beam
Number Of Barns : 0
Number Of Buildings : 0
Number Of Days Guests Allowed : 0
Number Of Lakes : 0
Number Of Leaseable Spaces : 0
Number Of Lots : 0
Number Of Residences : 0
Number Of Spaces Leased : 0
Number Of Stories : 2
Number Of Units : 18
Status : Active
Unit Count : 0
Utilities : City Sewer,City Water
Virtual Tour URL Unbranded : https://www.propertypanorama.com/instaview/ntreis/
Acres Pasture : 0
Acres Cultivated : 0
Acres Irrigated : 0
Lot Size : .5 Acre to .99 Acre
Lot Size Area SQFT : 30012.8
Lot Size Units : Acres
Lots Sold Package : 0
MLS : North Texas Real Estate Information Systems
Open House Count : 0
Road Frontage : Asphalt,City,Concrete
SQFT Land : 0
SQFT Leasable : 0
SQFT Lot : 0
Subdivision Name : Dumas J P Add
Contact Agent!
Com-sale For sale
  • Acres : 0.69 Acre
$750,000
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