114 Ash St, Paradise, TX 76073

$1,799,000
20
BD
19
BA
9,999
SqFt

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List Price
$1,799,000
Price Change
▼ $196,000 1784345664
MLS#
21071514
Status
ACTIVE
Type
Condo
Subtype
ResidentialIncome
Year Built
2020
Construction Status
Preowned
Bedrooms
20
Full Baths
17
Half Baths
2
Acres
1.58
Living Area
9,999
County
Wise
City
Paradise
Subdivision
Original Town Paradise
Building Name
Ash Street A&O Portfolio

Property Description

ENTIRE RENTAL PROPERTY PORTFOLIO OF MOSTLY NEW & UPDATED PROPERTIES WITH NEAR FULL OCCUPANCY OFFERED FOR SALE on Ash Street in Paradise, Texas. 5 separate structures consisting of: (1) 2-2-2CP Duplex, (2)3-2+2 Townhomes with elegant finishes & privacy fenced backyards and 2 car garages. One of these townhome units also features extra half baths in each unit., a 1-1 SFR and then a 3-2 SFR currently under full renovation. This home has been taken down to the studs with much new (see Transaction Desk for list) and is currently ready for drywall! Paradise is one of Wise County's fastest growing towns and has widely sought after A-Rated schools. This portfolio has a fabulous cash flow and an alluring cap rate. Built and owned by a custom home builder, there are many tasteful details throughout - Granite countertops, hardwood and tile finishes, large walk-in closets, elegant lighting, fixtures and more. You must truly see to appreciate this great package. This portfolio MUST be sold together. Contact list agent for more details. Option exists for additional SFR and 1.959ac plus or minus directly across the street at 102 N. Mesquite St. (MLS#21072318). Plans already exist for multiple quadplexes in this location or a new owner can build to suit. Seller is a builder and developer and willing to bid or build anything a new owner's heart desires. It's hard to get a good return on your investment in today's economy. If you've wanted to get into rental real estate, this is a wonderful opportunity with LOADS of potential for growth in all the right directions! Full financials and all info can be fully furnished upon request. Drive link with many additional photos of all units available upon request.

Additional Information

Unexempt Taxes
$13,177
Lot Size
68,824
Acres
1.58
Lot Description
Agricultural, Back Yard, Cleared, Backs To Greenbelt Park, Irregular Lot, Lawn, Landscaped, Level, Other
Interior Features
Decorative Designer Lighting Fixtures, Eat-In Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floor Plan, Pantry, Walk-In Closet(s)
Flooring
Carpet, Tile, Vinyl, Painted/Stained
Foundation
Pillar/Post/Pier, Slab
Roof
Composition
Stories
1
Pool Features
None
Exterior
Other, Rain Gutters
Garage Spaces
8
Carport Spaces
4
Parking Garage
Attached, Assigned, Asphalt, Covered, Carport, Driveway, Garage Faces Front, Kitchen Level
School District
Paradise Isd
Elementary School
Paradise
Middle School
Paradise
High School
Paradise
Possession
CloseOfEscrow

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Calculator source: Real Geeks

Listing courtesy of Shari Guess from Buy Wise Real Estate. Contact: 940-399-3900