1512 S Cherry St, Unit 2

Pecos, TX 79772

$258,000
Price
6
Beds
2,254 Sq. Ft.
$114 / Sq. Ft.
2,254
Sq. Ft.
$114
per Sq. Ft.
Pending
Pending
a picture of a room

Description

Owner agent property. Fantastic investment opportunity in Pecos Texas! Brand new duplexes in excellent area within city limits. 14 already on the ground with 32 remaining. Seller will cooperate with buyers 1031 exchange. Each unit is 3 bedroom 2 bath 1127 sqft and rents for $1650 per unit. If you haven't done your homework already on the region, you wont be disappointed! Pecos is the last housing hub before El Paso, with recent oil discoveries housing is critical for the future.Owner agent property. Fantastic investment opportunity in Pecos Texas! Brand new duplexes in excellent area within city limits. 14 already on the ground with 32 remaining. Seller will cooperate with buyers 1031 exchange. Each unit is 3 bedroom 2 bath 1127 sqft and rents for $1650 per unit. If you haven't done your homework already on the region, you wont be disappointed! Pecos is the last housing hub before El Paso, with recent oil discoveries housing is critical for the future.
  1. Listed by Paul Waddell • TREC #0684083 • Hatchett & Co. Real Estate

Property Details for 1512 South Cherry Street, Unit 2

Subdivision Name
Meadowbrook
Pool
No
Number Of Parking Spaces
6
Lot Size Dimensions
60X115
LISTING UPDATED: 03/07/2022 08:11 AM

Property Details for 1512 South Cherry Street, Unit 2

StatusPending
MLS #13758476
Days on Market219
Taxes$3,800 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2018
Lot Size0.15 AC / 6,534 SF
CountyReeves County

Location

Listing Courtesy of Hatchett & Co. Real Estate
Add your commute

Building Information for 1512 South Cherry Street, Unit 2

Stories1Residences2Year Built2018Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$1,574 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,257

Property Taxes

$317

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1512 South Cherry Street, Unit 2

Summary
Location and General Information
  • Community Features: Laundry
  • Complex Name: none
  • Directions: North on Plum left on Jackson left on Cherry
  • Elementary School: Balmorhea
  • Elementary School Name: Balmorhea
  • High School: Balmorhea
  • High School Name: Balmorhea
  • Middle School: Balmorhea
  • Middle Or Junior School: Balmorhea
  • Year Built Details: New Construction - Incomplete
  • School District: Pecos-Barstow-Toyah ISD
  • Latitude: 31.41
  • Longitude: -103.50
  • State: Texas
Parking
  • Parking Features: Assigned, Garage Faces Front
  • Garage: No
  • Open Parking Spaces: 0
Taxes and HOA Information
  • Association Type: None
  • Tax Lot: 3
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile
  • Heating: Central, Electric
  • Interior Features: Cable TV Available
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Living Area: 2254.0
Exterior Features
  • Building Area Source: Plans
  • Construction Materials: Concrete, Rock/Stone, Stucco, Wood
  • Exterior Features: Covered Patio/Porch
  • Fencing: None
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Patio And Porch Features: Covered, Patio
  • Levels: One
Property
Utilities
  • Green Energy Efficient: Appliances, Drought Tolerant Plants
  • Utilities: Asphalt, City Sewer, City Water, Community Mailbox, Curbs, Individual Gas Meter, Individual Water Meter, Sidewalk
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: Cash, Conventional, FHA
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: Address
Lot Information
  • Dock Permitted: No
  • Lot Features: No Backyard Grass, Subdivision
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6534.0
  • Multi Parcel ID: No
  • Parcel Number: R000002338
  • Lake Pump: No
  • Property Attached: No
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 13.29%
  • Gross Annual Expenses: $5,300
  • Gross Annual Income: $39,600
  • Insurance Expense: $1,500
  • Tenancy: No Sublease, Over 9 Months
  • Total Annual Expenses Include: Insurance, Manager, New Tax
  • Net Operation Income: $34,300.00
Unit 1
  • Approximate SQFT: 1127.0
  • Average Lease Amount: $1,650.00
  • Dining Area Length: 0.0
  • Dining Area Width: 60.0
  • Kitchen Length: 14.0
  • Kitchen Width: 10.0
  • Living Area Length: 14.0
  • Living Area Width: 14.0
  • Master Bed Length: 13.0
  • Master Bed Width: 12.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 2

Property History for 1512 South Cherry Street, Unit 2

DateEvent & SourcePriceAppreciation
Sep 11, 2018

Pending

NTREIS #13758476

—
Feb 1, 2018

Listed (Active)

NTREIS #13758476

$258,000—
DateEvent & SourcePrice
09/11/2018

Pending

NTREIS #13758476

—
02/01/2018

Listed (Active)

NTREIS #13758476

$258,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1512 South Cherry Street, Unit 2

This home is within Pecos-Barstow-Toyah Independent School District.
Rating
School
Type
Grades
Distance
Austin Elementary School
Public - 1 to 3
Haynes Elementary School
Public - 4 to 5
Crockett Middle School
Public - 6 to 8
Pecos High School
Public - 9 to 12
Rating
School
Distance
Austin Elementary School
Public1 to 3

Haynes Elementary School
Public4 to 5

Crockett Middle School
Public6 to 8

Pecos High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hatchett & Co. Real Estate

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.