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
SQFT • 1,200
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
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringOther
Heating Y/NYes
Interior AmenitiesHighSpeedInternet, Other, CableTv
General for 505 Morris Street
Additional Parcels Y/NNo
Attached Garage No
AttributionContact972-480-8280
Cap Rate0.0
Carport Y/NNo
CityTerrell
Construction MaterialsOther
CoolingCentralAir
CountyKaufman
DirectionsProperty 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 Baths4
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 7B & 18A
LevelsTwo
Lot Size Square Feet3005.64
Lot Size UnitsAcres
Middle/Junior High SchoolFurlough
Middle/Junior School DistrictTerrell ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-11T14:47:41.290-00:00
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 Amount5156.0
Tax Lot7B
UtilitiesSewerAvailable, WaterAvailable, CableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1983
Year Built DetailsPreowned
Exterior for 505 Morris Street
Building Area Total1200.0
Crops Included Y/NNo
Foundation DetailsOther
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.069
Lot Size Area0.069
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesOnSite, ParkingLot
SpaNo
Total Parking8.0
Water SourcePublic
