1509 North Bus 287 Decatur Tx 76234

Decatur, TX 76234

$435,000
Price
4
Beds
2
Baths
2,044 Sq. Ft.
$213 / Sq. Ft.
2,044
Sq. Ft.
$213
per Sq. Ft.

Description

Seller will carry 1st, for qualified Buyers. 100% Leased, income producing full duplex in flourishing town of Decatur. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rental homes to keep up with population growth. Located 30 min north of Ft. Worth & 30 min west of Denton. Decatur is known for small-town charm & city conveniences. Built in 2008, duplex is well insulated & well maintained. Each unit includes 2 bed, 1 bath spacious...Seller will carry 1st, for qualified Buyers. 100% Leased, income producing full duplex in flourishing town of Decatur. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rental homes to keep up with population growth. Located 30 min north of Ft. Worth & 30 min west of Denton. Decatur is known for small-town charm & city conveniences. Built in 2008, duplex is well insulated & well maintained. Each unit includes 2 bed, 1 bath spacious layout of 1,022sf, covered porches & expansive (unfenced) yards. Duplex sits side-by-side with a similar duplex that is also for sale. Mls#20513400. A large concrete driveway, with generous parking area services both duplex buildings. 1505 on left. 1509 on right. Seller would prefer to sell both duplex buildings to same buyer. This listing is for 1 duplex building, with 2 units. This investment property has a very bright income-producing future! Seller will replace roof prior to closing.
  1. Listed by Jeanie Cline • TREC #0670223 • AirSpace • 817-394-3906

Property Details for 1509 North Bus 287 Decatur Tx 76234

Subdivision Name
Two Spence Place
Pool
No
Garage Spaces
0
Number Of Parking Spaces
4

Location

Listing Courtesy of AirSpace, Jeanie Cline
Add your commute
LISTING UPDATED: 03/11/2024 09:48 AM

Property Details for 1509 North Bus 287 Decatur Tx 76234

StatusActive
MLS #20513584
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2008
Lot Size0.37 AC / 16,160 SF
CountyWise County

Location

Listing Courtesy of AirSpace, Jeanie Cline
Add your commute

Building Information for 1509 North Bus 287 Decatur Tx 76234

Stories1Residences2Year Built2008Building Size-Lot Size0.37 AC / 16,160 SF

Payment Calculator

$2,374 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,374

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1509 North Bus 287 Decatur Tx 76234

Summary
Location and General Information
  • Block: 1
  • Complex Name: Duplex
  • Directions: From downtown Ft. Worth, Take US-287, N-US-81 N to Wichita St in Decatur, approximately 35 miles. Turn right onto Wichita St. Turn left onto Bus 287 BUS. Property is on left. Large open concrete driveway leads to two buildings. 1505 is on left. 1509 is on right. Both duplexes are for sale.
  • Elementary School: Young
  • Elementary School Name: Young
  • High School: Decatur
  • High School Name: Decatur
  • Middle School: Decatur
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Decatur ISD
  • Geocode Confidence: High
  • Latitude: 33.25
  • Longitude: -97.60
  • State: Texas
Parking
  • Parking Features: Concrete, Driveway, Oversized
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: LOT 1 BLK 1 TWO SPENCE PLACE
  • Association Type: None
  • Special Taxing Entities: No
  • Tax Lot: 1
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Laminate
  • Heating: Central
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Appliances: Dishwasher, Disposal, Electric Range
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Appraiser
  • Construction Materials: Siding
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Horse Permitted: No
  • Number Of Units Total: 2
  • Patio And Porch Features: Covered
  • Levels: One
Property
Utilities
  • Utilities: Asphalt, City Sewer, City Water, Electricity Connected
Property and Assessments
  • Accessory Unit: No
  • Exclusions: Tenant personal items, including washer, dryer & fridge.
  • Financing Proposed: 1031 Exchange, Cash, Conventional, Owner Will Carry
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.371
  • Lot Size Area: 0.371
  • Lot Size Units: Acres
  • Lot Size Square Feet: 16160.76
  • Multi Parcel ID: No
  • Parcel Number: D2870010100
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 4.73%
  • Gross Annual Expenses: $6,002
  • Gross Annual Income: $29,100
  • Insurance Expense: $2,504
  • Tenancy: 9 Months or Less, Month to Month
  • Total Annual Expenses Include: Maintenance Grounds, New Tax
  • Net Operation Income: $20,594.00
Unit 1
  • Approximate SQFT: 1022.0
  • Average Lease Amount: $1,212.00
  • Dining Area Length: 1.0
  • Dining Area Width: 1.0
  • Kitchen Length: 1.0
  • Kitchen Width: 1.0
  • Living Area Length: 1.0
  • Living Area Width: 1.0
  • Master Bed Length: 1.0
  • Master Bed Width: 1.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 2

Property History for 1509 North Bus 287 Decatur Tx 76234

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1509 North Bus 287 Decatur Tx 76234

This home is within Decatur Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 9
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Rann Elementary School
PublicPK to 5

Mccarroll Middle School
Public6 to 9

Decatur High School
Public9 to 12

Decatur Int
Public5 to 6

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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1509 North Bus 287 Decatur Tx 76234 is a multi-family home for sale in Decatur, TX 76234. This property was listed for sale on January 20, 2024 by AirSpace, it's currently listed at $435,000. It has been on the market for a total of 106 days and was last sold on September 30, 2014. This listing's school district is Decatur Independent School District. Nearby schools include Rann Elementary School, Mccarroll Middle School and Decatur High School. 1509 North Bus 287 Decatur Tx 76234 is a 4-bed, 2-bath, 2,044 sqft multi-family home built in 2008.

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 AirSpace, Jeanie Cline

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: 03/11/2024 09:48 AM