7261 State Hwy

Point, TX 75472

$1,200,000
Price
—
Beds
—
Baths
5,984 Sq. Ft.
$201 / Sq. Ft.
5,984
Sq. Ft.
$201
per Sq. Ft.
front view of a house with a porch
a view of a house with a yard
a view of a garden with a building in the background
a car parked in front of house
a view of a garden with a lake
front view of a house with a street
a front view of a house with a yard
front view of a house with a garden
a view of front door
a view of a kitchen with a fridge and wooden floor
a view of empty room with wooden floor and fan
a kitchen with granite countertop a refrigerator and a stove top oven
a kitchen with granite countertop white cabinets and stainless steel appliances
a bathroom with a sink a toilet and bathtub
a view of an empty room and window with wooden floor
a view of a kitchen with a sink and a refrigerator
wooden floor in an empty room
an empty room with wooden floor and window
a view of wooden floor in an empty room
a bathroom with a sink a toilet and shower
an empty room with wooden floor and windows
a view of wooden floor in an empty room
a kitchen with white cabinets appliances and a sink
a view of a hallway with wooden floor and a fireplace
a kitchen with cabinets stainless steel appliances and wooden floor
a bathroom with a sink a toilet and shower
a stove top oven sitting inside of a kitchen
an empty room with wooden floor and windows
a large kitchen with granite countertop a sink and dishwasher stove top oven
a kitchen with a sink and a microwave
an empty room with wooden floor and windows
a kitchen with stainless steel appliances granite countertop a stove a sink and a refrigerator
a view of hallway with stairs and wooden floor
a bathroom with a toilet a sink and mirror
a room with a washer and dryer
a view of a garden with plants
a front view of a house with a garden
a view of a field with a tree in the background
front view of a house with a yard

Description

Unique Turn Key opportunity on 2.419 acres ! This 7 unit apartment complex is fully renovated and is at 100% capacity with renters on an annual contract! New Roof, Windows, HVACs, Appliances, Plumbing, Electrical, etc. This property offers something for the Investor and or the owner occupant ! With nearly 1.25 acres of open land with potential for various purposes or buildings, it opens up possibilities for additional income . All 7 units rented-occupied but no long term leases to have to honor!...Unique Turn Key opportunity on 2.419 acres ! This 7 unit apartment complex is fully renovated and is at 100% capacity with renters on an annual contract! New Roof, Windows, HVACs, Appliances, Plumbing, Electrical, etc. This property offers something for the Investor and or the owner occupant ! With nearly 1.25 acres of open land with potential for various purposes or buildings, it opens up possibilities for additional income . All 7 units rented-occupied but no long term leases to have to honor! Very attractive cap rate! Email agent for more info!
  1. Listed by Michael Barakatt • TREC #0654612 • Coldwell Banker Apex, REALTORS • 786-449-8742

Property Details for 7261 State Highway

Subdivision Name
Brook Thomas D
Pool
No
Garage Spaces
0
Number Of Parking Spaces
14
LISTING UPDATED: 09/08/2025 10:33 AM

Property Details for 7261 State Highway

StatusActive
MLS #21044847
Days on Market113
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1980
Lot Size2.42 AC / 105,371 SF
CountyRains County

Location

Listing Courtesy of Coldwell Banker Apex, REALTORS, Michael Barakatt
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Building Information for 7261 State Highway

Stories1Residences7Year Built1980Building Size-Lot Size2.42 AC / 105,371 SF

Payment Calculator

$5,930 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,930

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7261 State Highway

Summary
Location and General Information
  • Complex Name: Lake Point
  • Directions: GPS From Quinlan, East on SH 276 for approx.14 miles. From Emory , West on SH 276 for approx. 6 miles- One mile west of FM 47 intersection.
  • Elementary School: Rains
  • Elementary School Name: Rains
  • High School: Rains
  • High School Name: Rains
  • Junior High School: Rains
  • Year Built Details: Preowned
  • School District: Rains ISD
  • Geocode Confidence: High
  • Latitude: 32.90
  • Longitude: -95.89
  • State: Texas
Parking
  • Parking Features: Gravel, Open, Parking Lot, Unpaved
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: A0014 BROOKS THOMAS D TRACT 10 ACRES 2.419
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Luxury Vinyl Plank
  • Heating: Central, Electric
  • Interior Features: Decorative Lighting, High Speed Internet Available, Open Floorplan
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: No
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Siding
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Metal
  • Waterfront: No
  • Number Of Units Total: 7
  • Patio And Porch Features: Covered
  • Levels: One
Property
Utilities
  • Utilities: Aerobic Septic, Co-op Electric, Co-op Water, Gravel/Rock, Septic
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Features: Acreage, Few Trees
  • Lot Size Acres: 2.419
  • Lot Size Area: 2.419
  • Lot Size Units: Acres
  • Lot Size Square Feet: 105371.64
  • Multi Parcel ID: No
  • Parcel Number: R527
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: .00%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $0
  • Insurance Expense: $0
  • Net Operation Income: $.00
Unit 1
  • Approximate SQFT: 0.0
  • Average Lease Amount: $.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 2
Unit 2
  • Approximate SQFT: 0.0
  • Average Lease Amount: $.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 4
Unit 3
  • Approximate SQFT: 0.0
  • Average Lease Amount: $.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1

Property History for 7261 State Highway

DateEvent & SourcePriceAppreciation
Sep 2, 2025

Listed (Active)

NTREIS #21044847

$1,200,000—
DateEvent & SourcePrice
09/02/2025

Listed (Active)

NTREIS #21044847

$1,200,000

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

Schools near 7261 State Highway

This home is within Rains Independent School District.
Rating
School
Type
Grades
Distance
Rains Elementary School
Public - PK to 2
Rains Intermediate School
Public - 3 to 5
Rains J High School
Public - 6 to 8
Rains High School
Public - 9 to 12
Rating
School
Distance
Rains Elementary School
PublicPK to 2

Rains Intermediate School
Public3 to 5

Rains J High School
Public6 to 8

Rains 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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More information about 7261 State Highway, Point, TX 75472

7261 State Highway is a multi-family home for sale in Point, TX 75472. This property was listed for sale on September 2, 2025 by Coldwell Banker Apex, REALTORS, it's currently listed at $1,200,000. This listing's school district is Rains Independent School District. Nearby schools include Rains Elementary School, Rains Intermediate School and Rains J High School. 7261 State Highway is a 0-bed, 0-bath, 5,984 sqft multi-family home built in 1980.

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 Coldwell Banker Apex, REALTORS, Michael Barakatt

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 09/08/2025 10:33 AM