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
SQFT • 1,632
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
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther
Heating Y/NYes
Interior AmenitiesHighSpeedInternet, Other, CableTv
General for 503 Morris Street
Additional Parcels Y/NNo
Attached Garage No
AttributionContact972-480-8280
Cap Rate0.0
Carport Y/NNo
CityTerrell
Construction MaterialsOther
CoolingCentralAir
CountyKaufman
DirectionsProperty is on Morris on the left.
Electric On Property Y/NNo
Elementary School DistrictTerrell ISD
ExclusionsAll tenant belongings. Send all questions and offers to Will Clark at Wclark@OmniKeyTexas.com
Full Baths6
Garage Y/NNo
Gross Income0.0
HOANo
HeatingCentral
High SchoolTerrell
High School DistrictTerrell ISD
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionTERRELL REV BLOCK 312 LOTS 7A, 7C, 17A & 17C
LevelsTwo
Lot Size Square Feet8537.76
Lot Size UnitsAcres
Middle/Junior High SchoolFurlough
Middle/Junior School DistrictTerrell ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-05-02T21:29:02.220-00:00
Net Operating Income0.0
New ConstructionNo
Number Of Units Total4
Pool FeaturesNone
PossessionCloseOfEscrow, SubjectToTenantRights
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameTerrell Rev
Tax Annual Amount6043.0
Tax Lot7A
UtilitiesSewerAvailable, WaterAvailable, CableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1972
Year Built DetailsPreowned
Exterior for 503 Morris Street
Building Area Total1632.0
Crops Included Y/NNo
Foundation DetailsOther
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.196
Lot Size Area0.196
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesOnSite, ParkingLot
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Schools
Middle School
Furlough Middle School
Elementary School
N/A
High School
Terrell High School
Katie Edwards
Realtor