617 W Gandy St, Denison, TX 75020

$399,000
: 6
BD
: 5
BA

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List Price: $399,000
MLS#: 21227047
Status: PENDING
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1890
Construction Status: Preowned
Bedrooms: 6
Full Baths: 5
Acres: 0.17
County: Grayson
City: Denison
Subdivision: Millers 1st Add
Building Name: 617 W Gandy

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Property Description

Unit 1 is downstairs to the left a Two-bedroom one bathroom unit $1000 PM. Unit 2 downstairs to the right is a one bedroom and one-bathroom $850 PM. Unit 3 upstairs to the left is a 2 bedroom and two-bathroom unit with central air and gas heater $1100 PM. Unit 4 upstairs to the right is a one bedroom one-bathroom unit $850 PM. All units have been renovated within the past 4 years All bathrooms have been updated and have showers. Plumbing and electrical all up to date. Unit 3 has central air conditioning all other units have window units and space heaters. All units have current leases. Front Porch and Foundation have all recently been fully replaced beams and piers with warranty. Owner, seller is Real Estate broker. Please note pictures are 1- 2 years old and are just to show the renovation of each unit in the past 4 years. Roof is about 6 years old. Owner will finance at 8.5 % interest over 30 years with min 25% downpayment. Monthly payment $2306 + Insurance $250 PM + Property Tax = $3025 Per month payment Total income is $3800 per month leaves a net income of about $775 a month net or a Cap Rate of 7.75%

(940) 727-8307

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