OUTSTANDING INVESTMENT PROPERTY OPPORTUNITY. Cash flow with historically high occupancy. Property consists of two buildings with five rental units in each building. Located in sought after Brock School District. Easy access to IH 20 to shopping, entertainment, restaurants, hospital. High speed internet and cable TV available to each unit. Lawn maintenance and water included in rent. Buildings have selection of either 4 BR, 3 BR, or 2BR floor plans. These are newer buildings completed in 2019 & 2020 so maintenance is minimal. Asphalt drive with cul-de-sac.
Multi-familyProperty Type
2019Year Built
4 acresLot Size
$136Price/Sq.Ft.
20 spacesParking
Listed by Jim Zacharias• Horizon Management Svc., Inc.
OUTSTANDING INVESTMENT PROPERTY OPPORTUNITY. Cash flow with historically high occupancy. Property consists of two buildings with five rental units in each building. Located in sought after Brock School District. Easy access to IH 20 to shopping, entertainment, restaurants, hospital. High speed internet and cable TV available to each unit. Lawn maintenance and water included in rent. Buildings have selection of either 4 BR, 3 BR, or 2BR floor plans. These are newer buildings completed in 2019 & 2020 so maintenance is minimal. Asphalt drive with cul-de-sac.
Public Records
Aug 12, 2021
Sold
*
Public Records
Jul 21, 2020
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$22,566 (+25.9%)
$100,100 + $1,141,270
$1,241,370
2024
$17,927 (−12.7%)
$100,100 + $868,920
$969,020
2023
$20,534 (+2.1%)
$100,100 + $1,014,130
$1,114,230
2022
$20,120 (−0.8%)
$100,100 + $890,960
$991,060
2021
$20,289 (+1,482.3%)
$100,100 + $890,960
$991,060
2020
$1,282 (−1.4%)
$60,060
2019
$1,300 (+39.4%)
$60,060
2018
$932
$40,000
Tax history for 1093-1097 Grindstone Rd
Year
Property tax
Land + Additions
Assessment*
2025
$22,566 (+25.9%)
$100,100 + $1,141,270
$1,241,370
2024
$17,927 (−12.7%)
$100,100 + $868,920
$969,020
2023
$20,534 (+2.1%)
$100,100 + $1,014,130
$1,114,230
2022
$20,120 (−0.8%)
$100,100 + $890,960
$991,060
2021
$20,289 (+1,482.3%)
$100,100 + $890,960
$991,060
2020
$1,282 (−1.4%)
$60,060
2019
$1,300 (+39.4%)
$60,060
2018
$932
$40,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
2 Acres
Year renovated
—
Sq. Ft.
8,720
Year built
2020
Style
Other
County
Parker County
APN
R000105755
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 22, 2026.
Property details
Parking
Parking Information
Number Of Parking Spaces: 20
Parking Features: Concrete, Driveway, No Garage, On Site, Outside, Side By Side
Interior
Virtual Tour
Bathroom Information
Bathrooms Full: 20
Bedroom Information
Bedrooms Total: 49
Heating & Cooling
Cooling: Central Air, Electric
Heating: Central, Electric
Interior Features
Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
Levels: One
Flooring: Laminate
Interior Features: Cable TV Available, Granite Counters, High Speed Internet Available, Open Floorplan, Walk-In Closet(s)
Exterior
Building Information
Roof: Composition
Construction Materials: Brick, Frame
Foundation Details: Slab
Exterior Features
Exterior Features: Private Yard
Fencing: Back Yard, Wood
Patio And Porch Features: Covered
Lot Information
Lot Features: Cul-De-Sac, Landscaped, Sprinkler System
Lot Size Acres: 4.0040
Lot Size Area: 4.0040
Lot Size Square Feet: 174414.2400
Lot Size Units: Acres
Parcel Number: R000105754
Parcel Number 2: R000105755
RATIO List Price By Lot Size Acr: 549450.54945
Will Subdivide: No
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Accessibility Features YN: No
Accessory Unit YN: No
Multi Parcel IDYN: Yes
Property Key: 48367|R000105754|1|262923590
Property Match: APN
US Property MUI: 407780037
Building Information
Building Area Total: 16204.00
Building Area Source: Assessor
Year Built: 2019
Year Built Details: New Construction - Complete
Smart Home Features Appor Pass Y: No
Financial
Tax Information
Tax Lot: 7 & 8
Financial Information
Buyer Financing: Cash
Capitalization Rate: 6.47
Loan Type: Treat As Clear
Second Mortgage YN: No
Utilities
Utility Information
Municipal Utility District YN: No
Utilities: Aerobic Septic, Asphalt, Cable Available, Co-op Water, Community Mailbox, Electricity Connected, Master Water Meter, Rural Water District, Underground Utilities
Location
Multi-Unit Information
Number Of Buildings: 2
Number Of Units Total: 10
Unit Count: 3
Gross Annual Income: 20850.00
Gross Annual Expenses: 97863.00
Insurance Expense: 6000
Net Operation Income: 142329
Operating Expense Includes: Accounting, Capital Improvements, Insurance, Maintenance, Maintenance Grounds, Maintenance Structure, Professional Management, Supplies, Water/Sewer
HOA Information
Association Type: None
School Information
Elementary School: Brock
Elementary School Name: Brock
High School Name: Brock
Middle School Name: Brock
School District: Brock ISD
Location Information
County Or Parish: Parker
Country: United States
Directions: IH 20 to FM 1189. South on FM 1189 to Traffic light. Right on Grindstone Rd. Property on south side of road.
Complex Name: Versailles
Subdivision Name: Grindstone Ranch Estates
Public facts
Beds: —
Baths: —
Sq. Ft.: 8,720
Stories: 1.0
Lot Size: 2 acres
Style: Other
Year Built: 2020
Year Renovated: —
County: Parker County
APN: R000105755
Home facts updated by county records on Jul 22, 2026