Terrell, TX 75160 505 Morris Street
$450,000
30 more
Presented By: Will Clark with OmniKey Realty, LLC.; 972-480-8280
Beds • 4
Baths • 4
Home Details
100% occupied 4plex for sale in Terrell, Tx! All 1 bed 1 bath 600 sq. ft units. $3,950 in monthly gross rents + $165 in monthly water bill-backs equals $4,115 in gross monthly income. Unit 5 lease end date 8-31-25, Unit 6 lease end date 7-31-25, Unit 7 lease end date 6-30-25, Unit 8 lease end date 6-30-25. Electricity is separately metered and paid by the tenants. Water is one meter and paid by the owner. Water bill-backs in place to help off-set that cost. Spacious living area greets you upon arrival. Flows into your functional galley Kitchen with ample storage and c-top space! Rare oppourtunity to purchase a 100% occupied duplex at this price-point.
Presented By: Will Clark with OmniKey Realty, LLC.; 972-480-8280
Interior Features for 505 Morris Street
Bedrooms
Total Bedrooms4
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Unit Count4
Lock Box TypeOther
FlooringOther
Interior FeaturesCable TV Available, High Speed Internet Available, Other
Total Units4
General for 505 Morris Street
# of Buildings1
AppliancesOther
Capitalization Rate0.00
CityTerrell
Complex NameMorris Apartment
Construction MaterialsOther
CoolingCentral Air
CountyKaufman
DirectionsProperty on Morris on the left
ExclusionsAll tenant belongings. Send all questions and offers to Will Clark at Wclark@OmniKeyTexas.com
Full Baths4
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 Taxes5156
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1983
Year Built DetailsPreowned
Exterior for 505 Morris Street
Building Area Total1200.00
Foundation Other
Lot Size Acres0.0690
Lot Size Area0.0690
Lot Size Square Feet3005.6400
Lot Size UnitsAcres
Number Of Parking Spaces8
Parking FeaturesOn Site, Parking Lot
