104 East Brown Street

Lipan, TX 76462

$475,000
Price
8
Beds
4
Baths
2,890 Sq. Ft.
$164 / Sq. Ft.
2,890
Sq. Ft.
$164
per Sq. Ft.

Description

Prime Income Investment Opportunity! 4 Well-Appointed Units each with 2 Bedrooms & 1 Bathroom each at Approx. 800 Square Feet Providing Ample Space for Tenants. This Property is Centrally Located Between Granbury, Stephenville, Mineral Wells, & Weatherford for Tenants to Commute to Fort Worth if needed. With Various Surrounding Towns for Employment & Amenities, & Located in Exceptional Lipan ISD this Property will be Well Sought After by Tenants. This Quadplex Offers an Exceptional Investment Opportunity....Prime Income Investment Opportunity! 4 Well-Appointed Units each with 2 Bedrooms & 1 Bathroom each at Approx. 800 Square Feet Providing Ample Space for Tenants. This Property is Centrally Located Between Granbury, Stephenville, Mineral Wells, & Weatherford for Tenants to Commute to Fort Worth if needed. With Various Surrounding Towns for Employment & Amenities, & Located in Exceptional Lipan ISD this Property will be Well Sought After by Tenants. This Quadplex Offers an Exceptional Investment Opportunity. Property is currently being Managed by Local, Reputable Property Management Company, Ensuring Hassle-Free Ownership for Investors. If First Time Investor, this Property would be a Great Start on Building Your Investment Portfolio or a Great Asset to Add to an already Established Investor's Portfolio. Don't Miss Out On This Opportunity!

Property Details for 104 East Brown Street

Subdivision Name
None
Pool
No
Garage Spaces
0
Number Of Parking Spaces
10

Location

Listing Courtesy of Ebby Halliday Realtors, Brittany Elkins; Ebby Halliday Realtors, Brittany Jones
Add your commute
LISTING UPDATED: 04/11/2024 08:10 PM

Property Details for 104 East Brown Street

StatusActive
MLS #20583912
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built2000
Lot Size0.19 AC / 8,276 SF
CountyHood County

Location

Listing Courtesy of Ebby Halliday Realtors, Brittany Elkins; Ebby Halliday Realtors, Brittany Jones
Add your commute

Building Information for 104 East Brown Street

Stories2Residences4Year Built2000Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$3,147 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,592

Property Taxes

$555

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 104 East Brown Street

Summary
Location and General Information
  • Complex Name: N/A
  • Directions: GPS Friendly
  • Elementary School: Lipan
  • Elementary School Name: Lipan
  • High School: Lipan
  • High School Name: Lipan
  • Middle School: Lipan
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Lipan ISD
  • Geocode Confidence: High
  • Latitude: 32.52
  • Longitude: -98.05
  • State: Texas
Parking
  • Parking Features: Open
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: ACRES: 0.190 ABST: GEORGE ALLEN - ABST 7
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Tile, Vinyl
  • Heating: Central, Electric
  • Interior Features: High Speed Internet Available
  • Appliances: Dishwasher, Electric Oven, Electric Range
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick, Siding
  • Exterior Features: Covered Patio/Porch, Lighting
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 4
  • Patio And Porch Features: Covered, Other
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Accessory Unit Type: Accessory Dwelling Unit (ADU)
  • Exclusions: Tenants personal belongings
  • Financing Proposed: 1031 Exchange, Cash, Conventional, Federal Land Bank, FHA, FHA-203K, Special Funding, Texas Vet, USDA Loan, VA Loan
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8276.4
  • Multi Parcel ID: No
  • Parcel Number: R000091775
Multi Family
Multi-Family Information
  • Number Of Buildings: 4
  • Capitalization Rate: 8.74%
  • Gross Annual Expenses: $4,698
  • Gross Annual Income: $46,200
  • Insurance Expense: $2,562
  • Tenancy: Month to Month, Over 9 Months
  • Net Operation Income: $41,502.00

Property History for 104 East Brown 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 104 East Brown Street

Taxable ValueLand$40,000Additions$375,290Total$415,290
Tax Record2023$6,662 ($555 / month)
Home Facts
Total Finished SqFt2,890 SqFtAbove Grade Finished SqFt2,890 SqFtStories2Lot Size8,276 SqFtStyleQuadraplexYear Built2000CountyHOODAPN20007.001.0320.0

Schools near 104 East Brown Street

This home is within Lipan Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Lipan Elementary School
PublicPK to 6

Lipan High School
Public7 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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104 East Brown Street is a multi-family home for sale in Lipan, TX 76462. This property was listed for sale on April 10, 2024 by Ebby Halliday Realtors, it's currently listed at $475,000. It has been on the market for a total of 21 days and was last sold on September 8, 2021. This listing's school district is Lipan Independent School District. Nearby schools include Lipan Elementary School and Lipan High School. 104 East Brown Street is a 8-bed, 4-bath, 2,890 sqft multi-family home built in 2000.

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 Ebby Halliday Realtors, Brittany Elkins; Ebby Halliday Realtors, Brittany Jones

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 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 04/11/2024 08:10 PM