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700 E Pecan Street

Hurst, TX 76053
  • $500,000
  • STATUS: Active Option Contract
  • ON SITE: 6 days
  • MLS #: 14630109
Under Contract
UPDATED: 38 min ago
$500,000
  • 8
    BEDS
  • 0.29
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Esther Cho of Redwood Realty Inc..

Description

Seller will be replacing roof so buyer will have a brand new roof. All four units are 2 bedroom-2 bath mixes offering over 1,000 SF of living space with washer-dryer hookups. Rents are as follows for each unit: 700-$920; 702-$950; 704-$995; 706-$875. Property is way under market rents based on comps, with property within 2 miles and only 1.5 baths vs 2 achieving $1,249 in rents. See Transaction Documents for comps. This presents an opportunity for an investor to capture significant upside potential while also owning a a cash flowing property in the Mid-Cities. Property includes covered parking in the back. Owner pays for water and $75 in rent goes toward water. Tenant pays for own electric.

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© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-07-28T11:40:32.153.
www.teamrobbins.com/homes/119528191
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700 E Pecan Street Hurst, TX 76053

  • Price: $500,000
  • Status: Active Option Contract
  • Updated: 38 min ago
  • MLS #: 14630109
8
Beds
8
Baths
0
½ Baths
0.29
Acres
1971
Built
Neighborhood:
Oak Grove Add
County:
Tarrant
Area:
Hurst
Elementary School:
Bellaire
High School:
Bell
School District:
Hurst-Euless-Bedford ISD
Property Description
Seller will be replacing roof so buyer will have a brand new roof. All four units are 2 bedroom-2 bath mixes offering over 1,000 SF of living space with washer-dryer hookups. Rents are as follows for each unit: 700-$920; 702-$950; 704-$995; 706-$875. Property is way under market rents based on comps, with property within 2 miles and only 1.5 baths vs 2 achieving $1,249 in rents. See Transaction Documents for comps. This presents an opportunity for an investor to capture significant upside potential while also owning a a cash flowing property in the Mid-Cities. Property includes covered parking in the back. Owner pays for water and $75 in rent goes toward water. Tenant pays for own electric.
Exterior Features

Construction BrickSidingWood Fence Wood Foundation Slab Parking Or Garage Assigned SpacesCarport-Individual Parking Spaces 6 Pool On Property No Roof Composition

Interior Features

Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Cable Tv AvailableHigh Speed Internet Available Kitchen Equipment DishwasherDisposalRange/Oven-ElectricRefrigeratorVent Mechanism Sq Ft Building 4252

Property Features

Building Area Source Tax Buildings 1 Complex Name 700 E Pecan Construction Status Preowned Gross Annual Expenses 0 Gross Annual Income 44880 HOA None Insurance Expense 0 Junior High School Hurst Municipal Utility District No Net Annual Income 0 Possession Closing/Funding Property Type Mul-Fourplex Proposed Financing CashConventional Unexempt Taxes 9811 Unit Count 1 Utilities AsphaltCity SewerCity WaterCommunity Mailbox Will Subdivide No

Listing information © 2021 North Texas Real Estate Information System.


© 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-07-28T11:40:32.153.
 
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Robbins Real Estate Group
1920 McKinney Ave WeWork/Robbins Real Estate Group
Dallas TX, 75201
Offered by Esther Cho of Redwood Realty Inc..