402 East Ash Street

Decatur, TX 76234

$550,000
Price
6
Beds
4
Baths
2
1/2 Baths
2,588 Sq. Ft.
$213 / Sq. Ft.
2,588
Sq. Ft.
$213
per Sq. Ft.

Description

Impressive 2-story duplex that looks & feels like a townhome! 100% Leased & income producing, this property is an exceptional investment property! Situated on a corner lot, each unit's front of home, garage & driveway, are located on opposite sides of building, creating uber-privacy and is highly desirable for tenants. Property was built in 2009, is well insulated, & well maintained. Both units are 3 bed, 2.1 bath & 2-car garage, with a spacious layout of 1,294sf. Located in the flourishing town...Impressive 2-story duplex that looks & feels like a townhome! 100% Leased & income producing, this property is an exceptional investment property! Situated on a corner lot, each unit's front of home, garage & driveway, are located on opposite sides of building, creating uber-privacy and is highly desirable for tenants. Property was built in 2009, is well insulated, & well maintained. Both units are 3 bed, 2.1 bath & 2-car garage, with a spacious layout of 1,294sf. Located in the flourishing town of Decatur, just 35 miles north of Ft. Worth & 24 miles west of Denton. Decatur is known for its small-town charm & big-box, city conveniences. Decatur's population is exploding at a rate of 30%, per EDC. Market rates continue to climb, with shortage of available rentals to keep up with the population growth. This investment property has a very bright income-producing future! This listing is for 1 duplex building, with 2 units. Seller has two more duplexes for sale: MLS #20513400, 20513584.
  1. Listed by Jeanie Cline • TREC #0670223 • AirSpace • 817-394-3906

Property Details for 402 East Ash Street

Subdivision Name
Proctor Add
Pool
No
Garage Spaces
4
Number Of Parking Spaces
6

Location

Listing Courtesy of AirSpace, Jeanie Cline
Add your commute
LISTING UPDATED: 02/25/2024 09:11 PM

Property Details for 402 East Ash Street

StatusActive
MLS #20513357
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2009
Lot Size0.41 AC / 18,077 SF
CountyWise County

Location

Listing Courtesy of AirSpace, Jeanie Cline
Add your commute

Building Information for 402 East Ash Street

Stories1Residences2Year Built2009Building Size-Lot Size0.41 AC / 18,077 SF

Payment Calculator

$3,576 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 East Ash Street

Summary
Location and General Information
  • Block: 30R
  • Complex Name: Duplex
  • Directions: Take Hwy 287 N for 39 miles to Bus Hwy 287 - Bus US-81, in Wise County. Exit Bus Hwy 287 N, in Decatur. Stay on Bus Hwy 287 N. Turn right on Miller St. Turn right on Ash St. Property is on right.
  • Elementary School: Rann
  • Elementary School Name: Rann
  • 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: 33.24
  • Longitude: -97.58
  • State: Texas
Parking
  • Garage Length: 1
  • Garage Width: 1
  • Parking Features: Garage Single Door, Driveway
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 4
  • Garage Height: 1
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: PROCTOR ADDITION 0.415 ACRES BLOCK 30R TRACT
  • 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 Oven, Electric Range
  • Basement: No
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Appraiser
  • Construction Materials: Siding
  • Exterior Features: Covered Patio/Porch
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Horse Permitted: No
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: Asphalt, City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Exclusions: Tenant personal items, including washers, dryers & refrigerators.
  • Financing Proposed: 1031 Exchange, Cash, Conventional, Owner Will Carry
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Corner Lot
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.415
  • Lot Size Area: 0.415
  • Lot Size Units: Acres
  • Lot Size Square Feet: 18077.4
  • Multi Parcel ID: No
  • Parcel Number: D2340003100
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 5.49%
  • Gross Annual Expenses: $7,544
  • Gross Annual Income: $40,800
  • Insurance Expense: $3,079
  • Tenancy: 6 Months or Less, Month to Month
  • Total Annual Expenses Include: Maintenance Grounds
  • Net Operation Income: $30,177.00
Unit 1
  • Approximate SQFT: 1294.0
  • Average Lease Amount: $1,700.00
  • 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: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 2

Property History for 402 East Ash 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 402 East Ash Street

Taxable ValueLand$59,726Additions$368,502Total$428,228
Tax Record2021$6,891 ($574 / month)
Home Facts
Total Finished SqFt504 SqFtAbove Grade Finished SqFt504 SqFtStories2Lot Size18,077 SqFtStyleDuplexYear Built2009CountyWISEAPND2340.0031.00

Schools near 402 East Ash Street

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 - PK to 5
Rating
School
Distance
Rann Elementary School
PublicPK to 5

Mccarroll Middle School
Public6 to 9

Decatur High School
Public9 to 12

Carson Elementary School
PublicPK to 5

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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402 East Ash Street 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 $550,000. It has been on the market for a total of 104 days and was last sold on April 29, 2014. This listing's school district is Decatur Independent School District. Nearby schools include Rann Elementary School, Mccarroll Middle School and Decatur High School. 402 East Ash Street is a 6-bed, 5-bath, 2,588 sqft multi-family home built in 2009.

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

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