311 West Franklin Street

Alvord, TX 76225

$499,000
Price
Beds
2,432 Sq. Ft.
$205 / Sq. Ft.
2,432
Sq. Ft.
$205
per Sq. Ft.

Description

Welcome to this versatile income producing property with a rich history. Located in Alvord, TX., this property offers an incredible opportunity for entrepreneurs and business owners seeking a great location for their venture. The apartments feature A cozy 2 bed, 1 bath unit with a contemporary kitchen, spacious living area, and well-appointed bedrooms, and the larger 3 bed 2 bath unit has an updated kitchen. Currently, both units are leased out, generating a steady stream of income, and an excellent...Welcome to this versatile income producing property with a rich history. Located in Alvord, TX., this property offers an incredible opportunity for entrepreneurs and business owners seeking a great location for their venture. The apartments feature A cozy 2 bed, 1 bath unit with a contemporary kitchen, spacious living area, and well-appointed bedrooms, and the larger 3 bed 2 bath unit has an updated kitchen. Currently, both units are leased out, generating a steady stream of income, and an excellent opportunity to build equity and wealth. Also, formerly a successful hair salon, the layout of the commercial space is adaptable for various business types. It is situated in a high-traffic area, ensuring maximum visibility and foot traffic. Whether it's a salon, boutique, or office space, this property is ready to accommodate your vision.
  1. Listed by Tomie Fox • TREC #0634368 • Tomie Fox Real Estate Group • 940-627-9040
  2. Listed by Lana Hamblin • TREC #0784016 • Parker Properties Real Estate

Property Details for 311 West Franklin Street

Subdivision Name
Original Alvord
Pool
No
Number Of Parking Spaces
2

Location

Listing Courtesy of Tomie Fox Real Estate Group, Tomie Fox; Parker Properties Real Estate, Lana Hamblin
Add your commute
LISTING UPDATED: 04/23/2024 09:49 AM

Property Details for 311 West Franklin Street

StatusActive
MLS #20488145
Days on Market165
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1941
Lot Size0.32 AC / 13,982 SF
CountyWise County

Location

Listing Courtesy of Tomie Fox Real Estate Group, Tomie Fox; Parker Properties Real Estate, Lana Hamblin
Add your commute

Building Information for 311 West Franklin Street

Stories1Residences3Year Built1941Building Size-Lot Size0.32 AC / 13,982 SF

Payment Calculator

$2,975 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,723

Property Taxes

$252

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 West Franklin Street

Summary
Location and General Information
  • Block: 29
  • Complex Name: NA
  • Directions: MAPS Friendly
  • Elementary School: Alvord
  • Elementary School Name: Alvord
  • High School: Alvord
  • High School Name: Alvord
  • Middle School: Alvord
  • Year Built Details: Preowned
  • School District: Alvord ISD
  • Geocode Confidence: High
  • Latitude: 33.36
  • Longitude: -97.70
  • State: Texas
Parking
  • Parking Features: Open, Parking Pad, Unpaved
Taxes and HOA Information
  • Tax Legal Description: LOT 10 & 11 BLK 29 ORIGINAL ALVORD
  • Association Type: None
  • Association Fee Frequency: Other
  • Tax Lot: 10
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Ceramic Tile
  • Heating: Central, Electric
  • Interior Features: Built-in Features, Decorative Lighting, Other
  • Appliances: Dishwasher
  • Cooling: Central Air, Electric, Multi Units
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Siding
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Horse Permitted: No
  • Number Of Units Total: 3
  • Levels: One
Property
Utilities
  • Utilities: All Weather Road, City Sewer, City Water
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.321
  • Lot Size Area: 0.321
  • Lot Size Units: Acres
  • Lot Size Square Feet: 13982.76
  • Multi Parcel ID: Yes
  • Parcel Number: S0060031700
  • Parcel Number 2: R000037817
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 6.34%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $37,800
  • Insurance Expense: $0
  • Net Operation Income: $31,621.00
Unit 1
  • Average Lease Amount: $3,150.00
  • Living Area Length: 1.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 2

Property History for 311 West Franklin 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 311 West Franklin Street

Taxable ValueLand$49,000Additions$107,821Total$156,821
Tax Record2021$3,030 ($252 / month)
Home Facts
Beds0Total Finished SqFt2,032 SqFtAbove Grade Finished SqFt2,032 SqFtStories1Lot Size13,983 SqFtStyleSingle Family ResidenceYear Built1941CountyWISEAPNS0060.0317.00

Schools near 311 West Franklin Street

This home is within Alvord Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Alvord Elementary School
PublicPK to 5

Alvord Middle School
Public6 to 8

Alvord 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

311 West Franklin Street is a multi-family home for sale in Alvord, TX 76225. This property was listed for sale on December 4, 2023 by Tomie Fox Real Estate Group, it's currently listed at $499,000. It has been on the market for a total of 165 days and was last sold on May 11, 2005. This listing's school district is Alvord Independent School District. Nearby schools include Alvord Elementary School, Alvord Middle School and Alvord High School. 311 West Franklin Street is a 0-bed, 0-bath, 2,432 sqft multi-family home built in 1941.

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 Tomie Fox Real Estate Group, Tomie Fox; Parker Properties Real Estate, Lana Hamblin

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: 04/23/2024 09:49 AM