Great Investment Opportunity! Fully occupied quadplex community built in 2019. About 1 hour from Dallas in Mabank, TX. Parcel going through replat to individually plat each building onto its own parcel. Deal will close once replat is finished, expected January 2022. 60 units totaling 72,930 SF, 54 - 2 bed, 2 bath units & 6 - 3 bed, 2 bath units. Currently generating 62,925 month in rent. Current rents are below current market value for the area. Great potential for increased rent with updating. POF & EXECUTED CONTRACT NEEDED BEFORE SHOWING PROPERTIES. DO NOT DISTURB THE CURRENT TENANTS. Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Directions: Hwy 175 to 198. Going South on 198-S 3rd Street to Andrew Drive and turn right. Go left on Barnes Dr and the property is on the right-hand side.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Henderson County
APN: NA
Home facts updated by county records on Jan 6, 2022
Around this home
Schools
Southside Elementary School
Public PreK-4 • Assigned • 1.0mi
5/10
Mabank Junior High School
Public 7-8 • Assigned • 1.2mi
6/10
Mabank High School
Public 9-12 • Assigned • 1.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 110° expected this year, 27 days in 30 years
6/10 Wind Factor
61% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Mabank, TX • 75147
Average low and high temperatures (°F)
55
36
66
45
76
55
78
61
83
65
90
75
95
76
92
75
89
69
84
62
72
52
62
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 5.2 hours in December, which is comparable to the
U.S. average for solar exposure.
9.7 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.11M – $1.35M
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