Blue Ridge, TX 75424 404 N Business Highway 78
$3,300,000



7 more








Presented By: Kala Hope with JPAR - Frisco; 972-836-9295
Home Details
Great Multi Family property built in 2001. This two story, townhome duplex community is owner built and managed and is 100% leased. There are a total of 12 units, each offering 3 bedrooms, 2 and half bathrooms and 2 living areas. The open floorplan, 9 ft ceilings and the beautiful finishes on this property, combined with the country feel of a small town makes this a highly desired place to live. Its location is close to churches, schools, shopping, as well as convenient access to major highways. Each unit is individually metered for all utilities and the property consist of 2 Parcels #R11648-000-0010-1 & R11648-000-0020-1. The kitchen offers plenty of cabinet apace, granite counters and an island which making prep work a breeze. The primary suite is downstairs and boast a massive shower, dual vanities, and a custom walk-in closet. The half bath is conveniently located under the stairs for ease of access. The upstairs offers 2 additional bedrooms, a full bath as well as a 2nd living area that is perfect for homework, a play room, or simply relaxing and watching TV. Each townhome has a large covered front porch, as well as a covered back porch and a small fenced yard, perfect for those weekend BBQ's. This is your chance to own this highly desired townhome community with a prime location and strong rental demand. Don't miss out on this investment opportunity. Schedule your showing today!
Presented By: Kala Hope with JPAR - Frisco; 972-836-9295
Interior Features for 404 N Business Highway 78
Bedrooms
Total Bedrooms36
Bathrooms
Total Baths24
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringLaminate, LuxuryVinylPlank
Heating Y/NYes
Interior AmenitiesDoubleVanity, GraniteCounters, HighSpeedInternet, KitchenIsland, OpenFloorplan, Pantry, CableTv, WalkInClosets, WiredForSound
Total Fireplaces
Window FeaturesWindowCoverings
General for 404 N Business Highway 78
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, ElectricWaterHeater
Attached Garage No
AttributionContact972-836-9295
Cap Rate5.53
Carport Spaces0.0
Carport Y/NNo
CityBlue Ridge
Community FeaturesCommunityMailbox
Construction MaterialsFiberCement
CoolingCentralAir, Electric
CountyCollin
DirectionsSee GPS
DisclosuresFamilialRelation
Electric On Property Y/NNo
Elementary SchoolBlueridge
Elementary School DistrictBlue Ridge ISD
Energy EfficientAppliances, Construction, Insulation
Full Baths24
Garage Spaces0.0
Garage Y/NNo
Green Water ConservationEfficientHotWaterDistribution, LowFlowFixtures
Gross Income230400.0
HOANo
HeatingCentral, Electric
High SchoolBlueridge
High School DistrictBlue Ridge ISD
Home Warranty Y/NNo
Insurance Expense46000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionBOWLING PLACE (CBL), LOT 1 & Lot 2
LevelsTwo
Lot Size Square Feet40510.8
Lot Size UnitsAcres
Middle/Junior High SchoolBlueridge
Middle/Junior School DistrictBlue Ridge ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-24T22:11:01.683-00:00
Net Operating Income182400.0
New ConstructionNo
Number Of Units Total12
Occupancy TypeTenant
Patio/Porch FeaturesCovered
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesSmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameBowling Place
Tax Annual Amount48492.0
Tax Lot1&2
UtilitiesElectricityAvailable, ElectricityConnected, SewerAvailable, WaterAvailable, CableAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2021
Year Built DetailsPreowned
Exterior for 404 N Business Highway 78
Building Area Total17304.0
Covered Spaces0.0
Crops Included Y/NNo
FencingBackYard, Fenced, Wood
Foundation DetailsPillarPostPier, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCleared, CulDeSac, InteriorLot, Level, Subdivision, FewTrees
Lot Size Acres0.93
Lot Size Area0.93
Number of Buildings6
Open Parking Y/NNo
Parking FeaturesAdditionalParking, Assigned, Concrete, Driveway, Paved, ParkingPad, SideBySide
SpaNo
Total Parking24.0
Water SourcePublic
Additional Details
Price History
Schools
Middle School
Blueridge Middle School
High School
Blueridge High School
Elementary School
Blueridge Elementary School

Rodney Edwards
Associate Broker