1016 West Gandy Street

Denison, TX 75020

$589,000
Price
8
Beds
4
Baths
4
1/2 Baths
4,110 Sq. Ft.
$143 / Sq. Ft.
4,110
Sq. Ft.
$143
per Sq. Ft.

Description

Multi family investment opportunity located in the heart of Denison, TX! One of only a few existing four-plex properties, this features four identical units, two up and two down. This property is stabilized and at full occupancy, ready for you to step in and take over. The interior has undergone a full cosmetic upgrade in recent years including paint, flooring, fixtures and appliances. Other upgrades include a new roof in 2021, all four units have had the HVAC units replaced and two units have had...Multi family investment opportunity located in the heart of Denison, TX! One of only a few existing four-plex properties, this features four identical units, two up and two down. This property is stabilized and at full occupancy, ready for you to step in and take over. The interior has undergone a full cosmetic upgrade in recent years including paint, flooring, fixtures and appliances. Other upgrades include a new roof in 2021, all four units have had the HVAC units replaced and two units have had the water heaters replaced. The Landlord includes water, sewer, trash, and lawn care with the rent.
  1. Listed by Clay Gilbert • TREC #0731330 • C-21 DEAN GILBERT, REALTORS • 903-893-5188

Property Details for 1016 West Gandy Street

Subdivision Name
Millers 1st Add
Pool
No
Garage Spaces
0
Number Of Parking Spaces
10

Location

Listing Courtesy of C-21 DEAN GILBERT, REALTORS, Clay Gilbert
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LISTING UPDATED: 04/15/2024 07:10 PM

Property Details for 1016 West Gandy Street

StatusActive
MLS #20588443
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built1920
Lot Size0.17 AC / 7,492 SF
CountyGrayson County

Location

Listing Courtesy of C-21 DEAN GILBERT, REALTORS, Clay Gilbert
Add your commute

Building Information for 1016 West Gandy Street

Stories2Residences4Year Built1920Building Size-Lot Size0.17 AC / 7,492 SF

Payment Calculator

$3,951 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,214

Property Taxes

$737

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1016 West Gandy Street

Summary
Location and General Information
  • Block: 15
  • Complex Name: 1016 W Gandy
  • Directions: From Morton St head south on HWY 91 then head East on Gandy, Property will be on the South side of road
  • Elementary School: Terrell
  • Elementary School Name: Terrell
  • High School: Denison
  • High School Name: Denison
  • Intermediate School: Mcdaniel
  • Middle School: Henry Scott
  • Year Built Details: Preowned
  • School District: Denison ISD
  • Geocode Confidence: High
  • Latitude: 33.76
  • Longitude: -96.55
  • State: Texas
Parking
  • Parking Features: Alley Access, Common, Driveway, Gravel, Lighted, No Garage, On Site, On Street, Open, Outside, Parking Pad, Unassigned
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: MILLERS 1ST ADDN, BLOCK 15, LOT 4, APTS, ACRE
  • Association Type: None
  • Tax Lot: 4
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Luxury Vinyl Plank
  • Heating: Central, Natural Gas
  • Interior Features: Cable TV Available
  • Appliances: Dishwasher, Disposal, Electric Range, Gas Water Heater, Microwave
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 4
  • Levels: Two
Property
Utilities
  • Utilities: Alley, Asphalt, Cable Available, City Sewer, City Water, Community Mailbox, Individual Gas Meter, Master Water Meter, Natural Gas Available, Overhead Utilities, Sidewalk
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Security Lights
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.172
  • Lot Size Area: 0.172
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 7492.32
  • Multi Parcel ID: No
  • Parcel Number: 143432
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 9.10%
  • Gross Annual Expenses: $5,760
  • Gross Annual Income: $59,340
  • Insurance Expense: $0
  • Tenancy: 9 Months or Less, Month to Month, No Smoking, No Sublease, No Waterbeds, Over 9 Months, Pet Restrictions
  • Total Annual Expenses Include: Gardener, Maintenance Grounds, Trash, Water/Sewer
  • Net Operation Income: $53,580.00
Unit 1
  • Approximate SQFT: 1000.0
  • Average Lease Amount: $1,240.00
  • Kitchen Length: 10.0
  • Kitchen Width: 14.0
  • Living Area Length: 13.0
  • Living Area Width: 17.0
  • Master Bed Length: 12.0
  • Master Bed Width: 14.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 4

Property History for 1016 West Gandy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1016 West Gandy Street

Taxable ValueLand$28,500Additions$355,738Total$384,238
Tax Record2022$8,842 ($737 / month)
Home Facts
Total Finished SqFt4,110 SqFtAbove Grade Finished SqFt4,110 SqFtLot Size7,501 SqFtStyleDuplexYear Built1920CountyGRAYSONAPND017 3116197

Schools near 1016 West Gandy Street

This home is within Denison Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Terrell Elementary School
PublicPK to 4

Henry Scott Middle
Public7 to 8

Denison High School
Public9 to 12

Pathways 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.

Similar Homes

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Similar Sold Homes

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1016 West Gandy Street is a multi-family home for sale in Denison, TX 75020. This property was listed for sale on April 15, 2024 by C-21 DEAN GILBERT, REALTORS, it's currently listed at $589,000. It has been on the market for a total of 18 days and was last sold on August 20, 2021. This listing's school district is Denison Independent School District. Nearby schools include Terrell Elementary School, Henry Scott Middle and Denison High School. 1016 West Gandy Street is a 8-bed, 6-bath, 4,110 sqft multi-family home built in 1920.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of C-21 DEAN GILBERT, REALTORS, Clay Gilbert

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