About 114 Ash Street
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.
Features of 114 Ash Street
| MLS® # | 21071514 |
|---|---|
| Price | $2,000,000 |
| Bedrooms | 20 |
| Bathrooms | 17.20 |
| Full Baths | 17 |
| Half Baths | 2 |
| Square Footage | 9,999 |
| Acres | 1.58 |
| Year Built | 2020 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 114 Ash Street |
|---|---|
| Subdivision | Original Town Paradise |
| City | Paradise |
| County | Wise |
| State | TX |
| Zip Code | 76073-2526 |
Amenities
| Utilities | Aerobic Septic, All Weather Road, Asphalt, City Water, Electricity Available, Electricity Connected, See Remarks, Other |
|---|---|
| Parking Spaces | 16 |
| # of Garages | 8 |
| Garages | Asphalt, Assigned, Attached Carport, Carport, Covered, Driveway, Garage Faces Front, Kitchen Level |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s) |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Covered Porch(es), Rain Gutters, Other |
|---|---|
| Lot Features | Acreage, Adjacent to Greenbelt, Agricultural, Cleared, Interior Lot, Landscaped, Level, Lrg. Backyard Grass, Other |
| Roof | Composition |
| Construction | Board & Batten Siding, Fiber Cement |
| Foundation | Pillar/Post/Pier, Slab |
School Information
| District | Paradise ISD |
|---|---|
| Elementary | Paradise |
| Middle | Paradise |
| High | Paradise |
Additional Information
| Flooring | Carpet, Ceramic Tile, Luxury Vinyl Plank, Painted/Stained, Varies |
|---|---|
| Special Notes. | Aerial Photo, Build to Suit, Survey Available |
| $/LivSqFt | $200 |
| Net Income | $55,658 |
| Building Sqft | 9,999 |
| # Units | 8 |
Listing Details
| Agent | Shari Guess |
|---|---|
| Office | Buy Wise Real Estate |
| Contact Info | 940-399-3900 |