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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Perrin Club Estates
MLS Listing ID 20096926
Sold Date 09/08/22
Bedrooms 3
Full Baths 2
HOA Y/N None
Total Fin. Sqft 1496
Year Built 1945
Annual Tax Amount $2,777
Lot Size 9,670 Sqft
Acres 0.222
Property Description
Duplex with same tenants since 2017 priced to sell. Only minutes to Sherman, Denison and Pottsboro, known as Gateway to Lake Texoma. The US Air Force built homes for in the mid 1940's and they have stood the test of time. IDEAL INVESTMENT PROPERTY. Unit 125B is a 2 BED 1 BATH and 125A is one bed and 1 bath. There's a one car garage for each unit and each has a large storage closet in the back. Unit 125A garage door was replaced with a plywood wall and used as storage. A garage door could be installed easily. The tenants are an extended family occupying both units since 2017 and they do ALL maintenance! They pay $600. for each unit. They are on a month to month lease and would like to stay and realize the rent will increase. There is only one electric meter and water meter serving entire house. Great schools, great location and great buy! THE TENANTS OWN THE APPLIANCES. Agents showing can talk to the tenants about rent amount and appliances.
Location
State TX
County Grayson
Community Curbs, Perimeter Fencing
Direction Please use GPS.
Interior
Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Open Floorplan
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Laminate
Appliance Electric Range, Electric Water Heater
Heat Source Central
Exterior
Exterior Feature Covered Patio/Porch
Garage Spaces 2.0
Fence Chain Link
Community Features Curbs, Perimeter Fencing
Utilities Available City Sewer, City Water
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Lot Description Acreage
Story One
Foundation Slab
Structure Type Wood
Schools
School District Sherman Isd
Others
Ownership James R Frederickson
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
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