131-139 Houston Street, Italy, Texas, 76651

Listed by Keller Williams Realty, Neil Clements, 972-533-8201
$725,000
5,000 Sqft
0.57 Acres
12 bd
8 ba
#21343744
Turnkey 4-unit multi-family built in 2020 — two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities — every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.

PROPERTY FEATURES

  • 4 Unit(s)
  • Utilities : City Sewer,City Water
  • Parking Features: Driveway,Shared Driveway
  • 8 Parking Space(s)
  • Fencing : Wood
  • Lot Features : Composition
  • Cooling: Ceiling Fan(s),Central Air,Electric
  • Heating : Central,Electric
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Interior Features: Decorative Lighting,Eat-in Kitchen,Kitchen Island,Open Floorplan
  • Appliances : Dishwasher,Disposal,Electric Cooktop,Electric Oven,Microwave
  • Flooring : Carpet,Laminate
  • Levels : One
  • Green Verification Count : 0
  • Title Company Preferred: Byers & Taylor (Tiffanie)
PROPERTY DETAILS
ID: 21343744
Status: Active
Price: $725,000
Acres: 0.57 Acres
Price Per Acre: $1,274,165
Type: Multi-family
Address: 131-139 Houston Street
City, State: Italy, Texas
County: Ellis
Zip Code: 76651
Lat/Long: 32.184935, -96.885865
Presented By: Neil Clements
Phone: 972-533-8201
Email: Click to Contact