Terrell, TX 75160 503 Morris Street
$550,000
30 more
Presented By: Will Clark with OmniKey Realty, LLC.; 972-480-8280
Beds • 8
Full/Half Baths • 6 / 2
Home Details
100% occupied 4plex for sale in Terrell, Tx! $4,520 in gross monthly rents + 300 in water bill-backs equals 4,820 in total gross monthly income with room to increase on upcoming renewals. All 2 bed units. Unit 1 lease end date is 6-27-25, Unit 2 lease end date 7-31-25, Unit 3 lease end date 3-31-26, Unit 4 lease end date 6-30-25. Spacious living areas greet you upon entry. Flows seamlessly into your L-shaped Kitchen with plenty of storage and c-top space! Both Bedrooms are a good size! Electric is separately metered and paid by tenants. Water is one meter and paid by owner. Water bill-backs in place to help off-set this cost.
Presented By: Will Clark with OmniKey Realty, LLC.; 972-480-8280
Interior Features for 503 Morris Street
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths2
Total Baths8
Other Interior Features
Unit Count4
Lock Box TypeOther
FlooringOther
Interior FeaturesCable TV Available, High Speed Internet Available, Other
Occupancy Rate100
Total Units4
General for 503 Morris Street
# of Buildings1
AppliancesOther
Capitalization Rate0.00
CityTerrell
Complex NameMorris Apartment
Construction MaterialsOther
CoolingCentral Air
CountyKaufman
DirectionsProperty is on Morris on the left.
ExclusionsAll tenant belongings. Send all questions and offers to Will Clark at Wclark@OmniKeyTexas.com
Full Baths6
Gross Annual Expenses0.00
HOA TypeNone
HeatingCentral
High SchoolTerrell
Insurance Expense
LevelsTwo
Listing TermsCash, Conventional, FHA, VA Loan
Pool Y/NNo
PossessionClosing/Funding, Lease Outstanding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictTerrell ISD
Standard StatusActive
StatusActive
Subdivision NameTerrell Rev
Unexempt Taxes6043
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1972
Year Built DetailsPreowned
Exterior for 503 Morris Street
Building Area Total1632.00
Foundation Other
Lot Size Acres0.1960
Lot Size Area0.1960
Lot Size Square Feet8537.7600
Lot Size UnitsAcres
Number Of Parking Spaces8
Parking FeaturesOn Site, Parking Lot
Additional Details
Price History
Katie Edwards
Realtor