Weatherford, TX 76085 209 Joyce Street
$535,000
1 more
Presented By: Levi Mills with Prime Properties Realty; 817-818-9160
Beds • 8
Baths • 4
Home Details
Get 5.5% fixed rate, 30-year financing with seller's preferred lender!
Appraisal completed in fall of 2024 came in at $585,000.
Own a fully occupied, cash flowing 4-plex built in 1996 in great condition. Current lease rates are about 10% under market. One lease is currently month-to-month and the other leases end November 30, 2025, February 28, 2026 and April 30, 2026. This allows rents to be fully to market rate in less than a year. Existing property management is available for 2-years at a 6% monthly management fee. See attached proformas for both current rents and market rents.
Second 4-plex next door is available. See listing for 205 Joyce Street, listing 20939954.
Presented By: Levi Mills with Prime Properties Realty; 817-818-9160
Interior Features for 209 Joyce Street
Bedrooms
Total Bedrooms8
Bathrooms
Total Baths4
Other Interior Features
Unit Count0
Lock Box TypeNone
FlooringCombination
Interior FeaturesBuilt-in Features
Total Units4
General for 209 Joyce Street
# of Buildings1
AppliancesDishwasher, Electric Range, Electric Water Heater
Capitalization Rate1.30
Carport Spaces
CityWeatherford
Complex NameJoyce 4-plexes
Construction MaterialsBrick
CoolingCentral Air, Electric
CountyParker
Directions[Google Maps seems to be accurate.]
Take 171 (Main Street) north from Hwy 180. Make a right on Lucas and another right on Joyce Street. The 4-plex is the 3rd building on the left.
Elementary SchoolSeguin
Elementary School NameSeguin
Full Baths4
Gross Annual Expenses19135.00
HOA TypeNone
HeatingElectric
High SchoolWeatherford
Insurance Expense4000
LevelsTwo
Number of Garage Spaces0
Operating Expense IncludesInsurance, Maintenance, Professional Management
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
School DistrictWeatherford ISD
Standard StatusActive
StatusActive
Subdivision NameLucas Add
Unexempt Taxes6240
UtilitiesSeptic, Well
Virtual Tour URL UnbrandedClick here
Will SubdivideSubdivided
Year Built1996
Year Built DetailsPreowned
Exterior for 209 Joyce Street
Building Area Total3992.00
Foundation Slab
Garage Y/NNo
Lot Size Acres0.5160
Lot Size Area0.5160
Lot Size SourcePublic Records
Lot Size Square Feet22476.9600
Lot Size UnitsAcres
Number Of Parking Spaces8
Parking FeaturesAdditional Parking
Additional Details
Price History
Schools
Elementary School
Seguin Elementary School
Middle School
N/A
High School
N/A
Rodney Edwards
Associate Broker