115 Private Road 7986, Unit OF
115 Private Road 7986, Unit OF
Description
rental units or choose to build a primary residence on the property along with expanding your rental units all on the same
property. Property is centrally located between Winnsboro, Quitman, and Gilmer. Property includes 1 Triplex and 2 Duplexes. Triplex has 3, 1 Bedroom, 1 Bathroom units. One Duplex has 2, 2 Bedroom, 1 Bathroom units. Second Duplex has 2, 3
Bedroom,...MOTIVATED SELLER: Wonderful Investment Property in East Texas! Property includes 6.7 total acres with plenty of room to expand the number of
rental units or choose to build a primary residence on the property along with expanding your rental units all on the same
property. Property is centrally located between Winnsboro, Quitman, and Gilmer. Property includes 1 Triplex and 2 Duplexes. Triplex has 3, 1 Bedroom, 1 Bathroom units. One Duplex has 2, 2 Bedroom, 1 Bathroom units. Second Duplex has 2, 3
Bedroom, 2 Bathroom units. Units are all electric with central VHAC and aerobic septic. Units have individual meters for
electricity and water. Great road frontage on both FM 312 and CR 3986. Location is a beautiful country setting with multiple
options to expand and utilize the additional acreage for an RV park or mini-storage. 100% LEASED!
- Listed by James Hicks • TREC #0562367 • Quitman Realty • 903-763-4525
Property Details for 115 Private Road 7986, Unit OF
Location
Property Details for 115 Private Road 7986, Unit OF
| Status | Active |
|---|---|
| MLS # | 20553823 |
| Days on Market | 53 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Full Duplex |
| Year Built | 2009 |
| Lot Size | 6.78 AC / 295,249 SF |
| County | Wood County |
Location
Building Information for 115 Private Road 7986, Unit OF
Payment Calculator
$2,865 per month
30 year fixed, 7.25% Interest
$2,865
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$0
Property Information for 115 Private Road 7986, Unit OF
- Complex Name: Lang Duplex
- Directions: From Quitman at the Wood County Courthouse in Quitman, take Hwy 154 East for approx 12 miles. Turn left onto FM312. Continue for approx 2 miles. Turn left onto County Road 3986. In 350 feet, turn left onto Private Road 7986.
- Elementary School: Winnsboro
- Elementary School Name: Winnsboro
- High School: Winnsboro
- High School Name: Winnsboro
- Middle School: Memorial
- Year Built Details: Preowned
- School District: Winnsboro ISD
- Geocode Confidence: High
- Latitude: 32.80
- Longitude: -95.27
- State: Texas
- Parking Features: No Garage
- Tax Legal Description: ABS 0116; CARL T J; TRACT 17 PT; 6.7781 ACRES
- Association Type: None
- Special Taxing Entities: No
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/ntreis/20553823
- Flooring: Carpet, Ceramic Tile, Laminate
- Heating: Central
- Interior Features: Eat-in Kitchen, Walk-In Closet(s)
- Appliances: Electric Oven, Electric Range, Refrigerator
- Cooling: Central Air, Electric
- Smart Home Features Appor Pass Y: No
- Building Area Source: Public Records
- Construction Materials: Fiber Cement
- Foundation Details: Slab
- Number Of Stories: 1
- Roof: Composition
- Number Of Units Total: 7
- Levels: One
- Utilities: Aerobic Septic, Co-op Electric, Co-op Water
- Accessibility Features: Accessible Doors
- Financing Proposed: Contract
- Handicap: Yes
- Loan Type: Treat As Clear
- Property Match: APN
- Lot Features: Acreage
- Lot Size Acres: 6.778
- Lot Size Area: 6.778
- Lot Size Units: Acres
- Lot Size Square Feet: 295249.68
- Multi Parcel ID: No
- Parcel Number: R100806
- Number Of Buildings: 3
- Capitalization Rate: 9.78%
- Gross Annual Expenses: $8,778
- Gross Annual Income: $63,720
- Insurance Expense: $3,600
- Total Annual Expenses Include: Maintenance, Maintenance Grounds, Maintenance Structure, Manager
- Net Operation Income: $51,342.00
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 1 Bedroom
- Dining Area Length: 8.0
- Dining Area Width: 10.0
- Kitchen Length: 12.0
- Kitchen Width: 9.0
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 1 Bedroom
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 1 Bedroom
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 2 Bedroom
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 2 Bedroom
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 3 Bedroom
- Living Area Length: 12.0
- Living Area Width: 12.0
- Unit Type Type: 3 Bedroom
Property History for 115 Private Road 7986, Unit OF
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 115 Private Road 7986, Unit OF
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 2 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Winnsboro Elementary School PublicPK to 2 | ||
Winnsboro Junior High School Public6 to 8 | ||
Winnsboro 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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Listing Courtesy of Quitman Realty, James Hicks
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: 03/26/2024 10:11 AM
