Terrell, TX 75161 12362 County Road 331a
$625,000
35 more
Presented By: Kim Johnson with RE/MAX Four Corners; 972-396-9100
Beds • 7
Baths • 4
SQFT • 5,132
Garage • 1
Home Details
3 HOMES on 2.43 Acres 1 Price -Experience having a full service Covered RV Area, barn, enormous SHOP with full Guest Quarters, and 3 HOMES included on the privacy of your acreage. This sprawling multi family or income producing property on 2.43-acres in Able Springs is a rare find. The MOST OUTSTANDING detail of this magnificent property includes a 1500 sq.ft. guest house retreat! Apartment above shop has a fully-equipped Kitchen, 2 BR, 1 BA, Bar and cabin style cozy. The spacious living is perfect for rental, parents, or guests. Inside the main house, observe a step down living room with fireplace, kitchen, full laundry area, den, 3 BR , 1 BA and an abundance of natural light. 2nd home is a darling 750 sf and all are currently producing income with occupancy, see PNL on Transaction desk. 3rd Home is Manufactured Home occupied and income producing. DOCS AND PNL ARE IN MLS. NO HOA. INCOME PRODUCING OR MULTI GENERATIONAL.
Presented By: Kim Johnson with RE/MAX Four Corners; 972-396-9100
Interior Features for 12362 County Road 331a
Bedrooms
Total Bedrooms7
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesPropane
Fireplace Y/NYes
FlooringCombination
Heating Y/NYes
Interior AmenitiesOther
Total Fireplaces1
General for 12362 County Road 331a
Additional Parcels Y/NNo
Attached Garage Yes
AttributionContact972-396-9100
Body of WaterTawakoni
Cap Rate8.99
Carport Spaces2.0
Carport Y/NYes
CityTerrell
Construction MaterialsBoardAndBattenSiding, Frame, MetalSiding, VinylSiding, WoodSiding
CoolingCentralAir
CountyKaufman
DirectionsSee GPS. EXCELLENT INVESTMENT OPPORTUNITY! Could be used as Multi Generational or Income Producing as Multi Family. It is a huge corner lot with 3 homes, 1 shop with Custom guest quarters upstairs 2
DisclosuresAccessoryDwellingUnit
Electric On Property Y/NNo
Elementary SchoolKennedy
Elementary School DistrictTerrell ISD
Full Baths4
Garage Spaces1.0
Garage Y/NYes
Gross Income70200.0
HOANo
HeatingCentral
High SchoolTerrell
High School DistrictTerrell ISD
Home Warranty Y/NNo
Insurance Expense4040.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionABLES SPRINGS WEST, LOT 19; & HOUSE
LevelsOneAndOneHalf
Lot Size Square Feet105850.8
Lot Size UnitsAcres
Middle/Junior High SchoolFurlough
Middle/Junior School DistrictTerrell ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-23T19:15:39.147-00:00
Net Operating Income56160.0
New ConstructionNo
Number Of Units Total4
Occupancy TypeVacant
Pool FeaturesNone
PossessionCloseOfEscrow, Negotiable, SpecifiedDate
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerAerobicSeptic
Standard StatusActive
StatusActive
Subdivision NameAbles Spgs West
Tax Annual Amount3019.0
Tax Lot19
UtilitiesSepticAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1980
Year Built DetailsPreowned
Exterior for 12362 County Road 331a
Building Area Total5132.0
Covered Spaces2.0
Crops Included Y/NNo
Foundation DetailsCombination
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesAcreage
Lot Size Acres2.43
Lot Size Area2.43
Lot Size SourcePublicRecords
Number of Buildings4
Open Parking Y/NNo
Parking FeaturesAttachedCarport, AdditionalParking, Boat, Carport, Garage, RvCarport, RvAccessParking, Storage, WorkshopInGarage
Road Frontage TypeAllWeatherRoad
SpaNo
Total Parking15.0
Additional Details
Price History
Schools
Elementary School
Kennedy Elementary School
Middle School
Furlough Middle School
High School
Terrell High School
Katie Edwards
Realtor